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$431,684$431,684$539,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$108,226$0
Funding fee$2,158$2,158$0
Note rate6.62%6.62%7.18%
Blended rate6.62%6.897%7.42%
1st payment$2,809.51$2,809.51$3,657.54
2nd payment$0.00$721.50$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,064.26$3,785.77$4,020.27
Cash to close$168,216$59,990$59,990