Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$0$0$324,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$324,000$0
Funding fee$0$0$0
Note rate9.050%9.050%7.400%
Blended rate9.050%7.750%7.640%
1st payment$658.69$658.69$2,243.31
2nd payment$0.00$2,092.50$0.00
Taxes / mo$44.00$44.00$44.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$852.69$2,945.19$2,502.11
Cash to close$360,000$36,000$36,000