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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$444,194$444,194$629,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$184,906$0
Funding fee$2,221$2,221$0
Note rate6.35%6.35%7.18%
Blended rate6.35%6.835%7.42%
1st payment$2,831.17$2,831.17$4,261.74
2nd payment$0.00$1,232.71$0.00
Taxes / mo$280.83$280.83$280.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,278.67$4,511.38$4,835.06
Cash to close$254,806$69,900$69,900