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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$389,048$389,048$513,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$123,952$0
Funding fee$1,945$1,945$0
Note rate5.78%5.78%7.18%
Blended rate5.78%6.316%7.42%
1st payment$2,426.23$2,426.23$3,475.24
2nd payment$0.00$826.35$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$3,757.25$4,082.51
Cash to close$180,952$57,000$57,000