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$485,669$485,669$535,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$49,831$0
Funding fee$2,428$2,428$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.449%7.640%
1st payment$2,262.62$2,262.62$3,707.69
2nd payment$0.00$373.73$0.00
Taxes / mo$232.33$232.33$232.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$116.00$116.00$116.00
Total monthly$2,777.62$3,151.35$4,329.79
Cash to close$109,331$59,500$59,500