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$389,597$389,597$513,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$123,403$0
Funding fee$1,948$1,948$0
Note rate5.780%5.780%7.400%
Blended rate5.780%6.314%7.640%
1st payment$2,426.23$2,426.23$3,551.91
2nd payment$0.00$822.68$0.00
Taxes / mo$123.00$123.00$123.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$215.00$215.00$215.00
Total monthly$2,930.90$3,753.58$4,159.18
Cash to close$180,403$57,000$57,000