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$446,921$446,921$472,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$25,579$0
Funding fee$2,235$2,235$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.635%7.640%
1st payment$2,854.01$2,854.01$3,271.49
2nd payment$0.00$191.84$0.00
Taxes / mo$282.00$282.00$282.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$108.00$108.00$108.00
Total monthly$3,410.68$3,602.52$3,922.66
Cash to close$78,079$52,500$52,500