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$405,754$405,754$494,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$89,156$0
Funding fee$2,029$2,029$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.762%7.640%
1st payment$2,619.52$2,619.52$3,426.66
2nd payment$0.00$668.67$0.00
Taxes / mo$228.17$228.17$228.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$78.00$78.00$78.00
Total monthly$3,092.35$3,761.03$3,998.47
Cash to close$144,146$54,990$54,990