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$387,602$387,602$477,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$89,398$0
Funding fee$1,938$1,938$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.969%7.640%
1st payment$2,461.15$2,461.15$3,302.65
2nd payment$0.00$670.49$0.00
Taxes / mo$461.25$461.25$461.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$87.00$87.00$87.00
Total monthly$3,176.07$3,846.56$4,112.97
Cash to close$142,398$53,000$53,000