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$426,479$426,479$445,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$43,771$0
Funding fee$2,132$2,132$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.234%7.640%
1st payment$2,097.41$2,097.41$3,084.55
2nd payment$0.00$433.15$0.00
Taxes / mo$127.50$127.50$127.50
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$89.10
HOA / mo$50.00$50.00$50.00
Total monthly$2,274.91$2,708.07$3,351.15
Cash to close$68,521$24,750$49,500