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$423,555$423,555$439,200
Remaining term (yrs)28.528.530.0
Secondary amount$0$40,045$0
Funding fee$2,118$2,118$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.202%7.640%
1st payment$2,792.67$2,792.67$3,040.93
2nd payment$0.00$396.28$0.00
Taxes / mo$237.17$237.17$237.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.84
HOA / mo$131.67$131.67$131.67
Total monthly$3,328.18$3,724.45$3,664.28
Cash to close$64,445$24,400$48,800