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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$390,275$390,275$472,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$82,225$0
Funding fee$1,951$1,951$0
Note rate6.31%6.31%7.18%
Blended rate6.31%6.778%7.42%
1st payment$2,535.63$2,535.63$3,200.88
2nd payment$0.00$616.69$0.00
Taxes / mo$167.58$167.58$167.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$64.00$64.00$64.00
Total monthly$2,933.88$3,550.57$3,693.63
Cash to close$134,725$52,500$52,500