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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$387,359$387,359$706,500
Remaining term (yrs)14.614.630.0
Secondary amount$0$319,141$0
Funding fee$1,937$1,937$0
Note rate5.58%5.58%7.18%
Blended rate5.58%6.56%7.42%
1st payment$3,227.85$3,227.85$4,786.08
2nd payment$0.00$2,061.12$0.00
Taxes / mo$392.83$392.83$392.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$500.00$500.00$500.00
Total monthly$4,337.35$6,398.46$6,036.88
Cash to close$397,641$78,500$78,500