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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$449,128$449,128$463,499
Remaining term (yrs)24.724.730.0
Secondary amount$0$40,121$0
Funding fee$2,246$2,246$0
Note rate2.98%2.98%7.18%
Blended rate2.98%3.709%7.42%
1st payment$2,134.76$2,134.76$3,139.90
2nd payment$0.00$397.03$0.00
Taxes / mo$195.00$195.00$195.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$157.00$157.00$157.00
Total monthly$2,653.43$3,050.46$3,751.27
Cash to close$65,871$25,750$51,500