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$363,561$363,561$427,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$63,939$0
Funding fee$1,818$1,818$0
Note rate5.410%5.410%7.400%
Blended rate5.410%5.947%7.640%
1st payment$2,169.92$2,169.92$2,959.92
2nd payment$0.00$479.54$0.00
Taxes / mo$22.04$22.04$22.04
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$70.67$70.67$70.67
Total monthly$2,429.29$2,908.84$3,304.80
Cash to close$111,439$47,500$47,500