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$463,010$463,010$886,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$423,490$0
Funding fee$2,315$2,315$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.175%7.640%
1st payment$3,022.45$3,022.45$6,137.95
2nd payment$0.00$2,735.04$0.00
Taxes / mo$350.17$350.17$350.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.30
HOA / mo$134.00$134.00$134.00
Total monthly$3,723.28$6,458.32$7,016.08
Cash to close$521,990$98,500$98,500