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$403,242$403,242$526,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$123,168$0
Funding fee$2,016$2,016$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.224%7.640%
1st payment$1,914.25$1,914.25$3,644.76
2nd payment$0.00$821.12$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.28
HOA / mo$26.25$26.25$26.25
Total monthly$2,388.75$3,209.87$4,224.54
Cash to close$181,658$58,490$58,490