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$375,126$375,126$422,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$46,974$0
Funding fee$1,876$1,876$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.641%7.640%
1st payment$2,196.29$2,196.29$2,922.54
2nd payment$0.00$352.30$0.00
Taxes / mo$176.08$176.08$176.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$28.33$28.33$28.33
Total monthly$2,567.37$2,919.68$3,378.04
Cash to close$93,874$46,900$46,900