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$457,256$457,256$463,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,994$0
Funding fee$2,286$2,286$0
Note rate3.250%3.250%7.400%
Blended rate3.250%3.814%7.640%
1st payment$2,209.28$2,209.28$3,209.18
2nd payment$0.00$316.61$0.00
Taxes / mo$169.58$169.58$169.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$73.00$73.00$73.00
Total monthly$2,618.53$2,935.14$3,711.13
Cash to close$57,744$25,750$51,500