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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$446,583$446,583$562,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$115,917$0
Funding fee$2,233$2,233$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.086%7.42%
1st payment$2,115.37$2,115.37$3,810.57
2nd payment$0.00$772.78$0.00
Taxes / mo$250.08$250.08$250.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$12.50$12.50$12.50
Total monthly$2,544.62$3,317.41$4,352.32
Cash to close$178,417$62,500$62,500