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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$418,260$418,260$440,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$46,290$0
Funding fee$2,091$2,091$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.153%7.42%
1st payment$2,535.09$2,535.09$2,981.39
2nd payment$0.00$458.08$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,834.68$3,292.75$3,368.99
Cash to close$70,740$24,450$48,900