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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$420,739$420,739$575,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$155,171$0
Funding fee$2,104$2,104$0
Note rate6.09%6.09%7.18%
Blended rate6.09%6.605%7.42%
1st payment$2,609.05$2,609.05$3,901.41
2nd payment$0.00$1,034.47$0.00
Taxes / mo$183.50$183.50$183.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,959.22$3,993.69$4,366.76
Cash to close$219,161$63,990$63,990