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$382,671$382,671$809,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$427,329$0
Funding fee$1,913$1,913$0
Note rate4.000%4.000%7.400%
Blended rate4.000%5.978%7.640%
1st payment$1,989.38$1,989.38$5,608.27
2nd payment$0.00$2,759.83$0.00
Taxes / mo$606.38$606.38$606.38
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$50.00$50.00$50.00
Total monthly$2,862.43$5,622.26$6,643.32
Cash to close$517,328$90,000$90,000