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$473,332$473,332$490,950
Remaining term (yrs)28.428.430.0
Secondary amount$0$44,893$0
Funding fee$2,367$2,367$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.966%7.640%
1st payment$3,043.65$3,043.65$3,399.24
2nd payment$0.00$444.25$0.00
Taxes / mo$123.75$123.75$123.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.19
HOA / mo$0.00$0.00$0.00
Total monthly$3,334.07$3,778.33$3,787.85
Cash to close$72,168$27,275$54,550