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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$440,605$440,605$521,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$80,495$0
Funding fee$2,203$2,203$0
Note rate3.06%3.06%7.18%
Blended rate3.06%3.978%7.42%
1st payment$2,122.12$2,122.12$3,530.11
2nd payment$0.00$603.71$0.00
Taxes / mo$328.67$328.67$328.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$130.00$130.00$130.00
Total monthly$2,747.45$3,351.17$4,259.67
Cash to close$138,395$57,900$57,900