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$415,857$415,857$539,955
Remaining term (yrs)26.526.530.0
Secondary amount$0$124,098$0
Funding fee$2,079$2,079$0
Note rate6.28%6.28%7.18%
Blended rate6.28%6.675%7.42%
1st payment$2,684.08$2,684.08$3,657.84
2nd payment$0.00$827.32$0.00
Taxes / mo$149.33$149.33$149.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.99
HOA / mo$0.00$0.00$0.00
Total monthly$3,000.08$3,827.40$4,081.83
Cash to close$184,093$59,995$59,995