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$406,968$406,968$418,050
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,307$0
Funding fee$2,035$2,035$0
Note rate5.410%5.410%7.400%
Blended rate5.410%5.913%7.640%
1st payment$2,432.55$2,432.55$2,894.49
2nd payment$0.00$339.50$0.00
Taxes / mo$389.08$389.08$389.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.61
HOA / mo$57.00$57.00$57.00
Total monthly$3,045.30$3,384.79$3,590.85
Cash to close$57,532$23,225$46,450