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$388,779$388,779$706,500
Remaining term (yrs)14.614.630.0
Secondary amount$0$317,721$0
Funding fee$1,944$1,944$0
Note rate5.580%5.580%7.400%
Blended rate5.580%6.556%7.640%
1st payment$3,227.85$3,227.85$4,891.66
2nd payment$0.00$2,051.95$0.00
Taxes / mo$392.83$392.83$392.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$500.00$500.00$500.00
Total monthly$4,337.35$6,389.29$6,142.46
Cash to close$396,221$78,500$78,500