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$413,504$413,504$427,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,746$0
Funding fee$2,068$2,068$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.246%7.640%
1st payment$2,055.87$2,055.87$2,959.92
2nd payment$0.00$373.53$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,320.46$2,693.99$3,310.01
Cash to close$61,496$23,750$47,500