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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$387,834$387,834$400,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$34,388$0
Funding fee$1,939$1,939$0
Note rate6.09%6.09%7.18%
Blended rate6.09%6.561%7.42%
1st payment$2,364.19$2,364.19$2,709.74
2nd payment$0.00$340.30$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.00
HOA / mo$339.67$339.67$339.67
Total monthly$3,068.44$3,408.74$3,493.99
Cash to close$56,610$22,222$44,444