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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$412,671$412,671$427,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$38,579$0
Funding fee$2,063$2,063$0
Note rate3.55%3.55%7.18%
Blended rate3.55%4.262%7.42%
1st payment$2,055.87$2,055.87$2,896.03
2nd payment$0.00$381.77$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,320.46$2,702.22$3,246.12
Cash to close$62,329$23,750$47,500