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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$427,295$427,295$441,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$38,205$0
Funding fee$2,136$2,136$0
Note rate5.25%5.25%7.18%
Blended rate5.25%5.794%7.42%
1st payment$2,524.60$2,524.60$2,987.49
2nd payment$0.00$378.07$0.00
Taxes / mo$257.75$257.75$257.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$89.00$89.00$89.00
Total monthly$3,038.01$3,416.08$3,589.10
Cash to close$62,705$24,500$49,000