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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$392,754$392,754$499,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$106,746$0
Funding fee$1,964$1,964$0
Note rate6.08%6.08%7.18%
Blended rate6.08%6.49%7.42%
1st payment$2,433.02$2,433.02$3,383.79
2nd payment$0.00$711.64$0.00
Taxes / mo$189.58$189.58$189.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$200.00$200.00$200.00
Total monthly$2,989.27$3,700.92$4,039.94
Cash to close$162,246$55,500$55,500