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$441,601$441,601$521,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$79,499$0
Funding fee$2,208$2,208$0
Note rate3.060%3.060%7.400%
Blended rate3.060%3.966%7.640%
1st payment$2,122.12$2,122.12$3,607.99
2nd payment$0.00$596.24$0.00
Taxes / mo$328.67$328.67$328.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$130.00$130.00$130.00
Total monthly$2,747.45$3,343.70$4,337.54
Cash to close$137,399$57,900$57,900