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$360,173$360,173$652,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$292,327$0
Funding fee$1,801$1,801$0
Note rate5.27%5.27%7.18%
Blended rate5.27%6.381%7.42%
1st payment$2,138.85$2,138.85$4,420.26
2nd payment$0.00$1,887.95$0.00
Taxes / mo$249.50$249.50$249.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$114.67$114.67$114.67
Total monthly$2,719.69$4,607.64$5,131.60
Cash to close$364,827$72,500$72,500