Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$409,832$409,832$412,200
Remaining term (yrs)27.127.130.0
Secondary amount$0$25,268$0
Funding fee$2,049$2,049$0
Note rate7.620%7.620%7.400%
Blended rate7.620%7.867%7.640%
1st payment$2,978.29$2,978.29$2,853.99
2nd payment$0.00$250.05$0.00
Taxes / mo$394.58$394.58$394.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.44
HOA / mo$77.00$77.00$77.00
Total monthly$3,616.54$3,866.59$3,574.68
Cash to close$48,168$22,900$45,800