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$399,197$399,197$463,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$64,303$0
Funding fee$1,996$1,996$0
Note rate7.440%7.440%7.400%
Blended rate7.440%7.656%7.640%
1st payment$2,850.38$2,850.38$3,209.18
2nd payment$0.00$482.27$0.00
Taxes / mo$413.50$413.50$413.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$796.00$796.00$796.00
Total monthly$4,226.55$4,708.82$4,678.05
Cash to close$115,803$51,500$51,500