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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$481,678$481,678$611,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$129,422$0
Funding fee$2,408$2,408$0
Note rate2.3%2.3%7.18%
Blended rate2.3%3.507%7.42%
1st payment$2,139.21$2,139.21$4,139.80
2nd payment$0.00$862.82$0.00
Taxes / mo$585.00$585.00$585.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.22
HOA / mo$97.17$97.17$97.17
Total monthly$2,988.04$3,850.86$5,110.86
Cash to close$197,322$67,900$67,900