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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$46,564$46,564$468,000
Remaining term (yrs)7.37.330.0
Secondary amount$0$421,436$0
Funding fee$233$233$0
Note rate4.75%4.75%7.18%
Blended rate4.75%7.452%7.42%
1st payment$621.77$621.77$3,170.40
2nd payment$0.00$2,721.78$0.00
Taxes / mo$103.67$103.67$103.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$892.10$3,613.88$3,534.33
Cash to close$473,436$52,000$52,000