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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$445,684$445,684$562,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$116,816$0
Funding fee$2,228$2,228$0
Note rate2.25%2.25%7.18%
Blended rate2.25%3.444%7.42%
1st payment$1,983.48$1,983.48$3,810.57
2nd payment$0.00$778.78$0.00
Taxes / mo$158.75$158.75$158.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$91.67$91.67$91.67
Total monthly$2,400.56$3,179.34$4,340.16
Cash to close$179,316$62,500$62,500