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$439,543$439,543$1,075,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$635,957$0
Funding fee$2,198$2,198$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.239%7.640%
1st payment$2,837.99$2,837.99$7,446.54
2nd payment$0.00$4,107.22$0.00
Taxes / mo$995.83$995.83$995.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$800.00$800.00$800.00
Total monthly$4,850.49$8,957.70$9,674.14
Cash to close$755,457$119,500$119,500