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$46,705$46,705$472,500
Remaining term (yrs)3.43.430.0
Secondary amount$0$425,795$0
Funding fee$234$234$0
Note rate2.930%2.930%7.400%
Blended rate2.930%7.274%7.640%
1st payment$1,171.37$1,171.37$3,271.49
2nd payment$0.00$2,749.93$0.00
Taxes / mo$135.58$135.58$135.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,473.62$4,223.54$3,668.24
Cash to close$478,295$52,500$52,500