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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$463,371$463,371$477,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,129$0
Funding fee$2,317$2,317$0
Note rate3.125%3.125%7.18%
Blended rate3.125%3.822%7.42%
1st payment$2,213.05$2,213.05$3,231.36
2nd payment$0.00$397.11$0.00
Taxes / mo$194.58$194.58$194.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$94.33$94.33$94.33
Total monthly$2,668.63$3,065.74$3,782.34
Cash to close$66,629$26,500$53,000