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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$412,856$412,856$495,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$82,144$0
Funding fee$2,064$2,064$0
Note rate2.375%2.375%7.18%
Blended rate2.375%3.474%7.42%
1st payment$1,808.66$1,808.66$3,353.30
2nd payment$0.00$616.08$0.00
Taxes / mo$201.17$201.17$201.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$120.00$120.00$120.00
Total monthly$2,296.49$2,912.58$3,940.14
Cash to close$137,144$55,000$55,000