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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$356,987$356,987$499,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$142,513$0
Funding fee$1,785$1,785$0
Note rate6.21%6.21%7.18%
Blended rate6.21%6.721%7.42%
1st payment$2,205.94$2,205.94$3,383.79
2nd payment$0.00$950.08$0.00
Taxes / mo$308.00$308.00$308.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$100.00$100.00$100.00
Total monthly$2,780.60$3,730.69$4,058.35
Cash to close$198,013$55,500$55,500