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$383,898$383,898$877,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$493,602$0
Funding fee$1,919$1,919$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.203%7.640%
1st payment$2,528.27$2,528.27$6,075.63
2nd payment$0.00$3,187.85$0.00
Taxes / mo$401.22$401.22$401.22
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.50
HOA / mo$41.67$41.67$41.67
Total monthly$3,187.82$6,375.67$6,910.68
Cash to close$591,102$97,500$97,500