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$418,868$418,868$449,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,042$0
Funding fee$2,094$2,094$0
Note rate5.520%5.520%7.400%
Blended rate5.520%5.760%7.640%
1st payment$2,535.09$2,535.09$3,115.09
2nd payment$0.00$232.81$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,834.68$3,067.49$3,504.65
Cash to close$81,032$49,990$49,990