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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$404,455$404,455$517,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$113,045$0
Funding fee$2,022$2,022$0
Note rate5.78%5.78%7.18%
Blended rate5.78%6.265%7.42%
1st payment$2,508.24$2,508.24$3,505.73
2nd payment$0.00$753.63$0.00
Taxes / mo$226.08$226.08$226.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$80.00$80.00$80.00
Total monthly$2,980.99$3,734.62$4,081.98
Cash to close$170,545$57,500$57,500