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$435,199$435,199$446,310
Remaining term (yrs)26.626.630.0
Secondary amount$0$35,906$0
Funding fee$2,176$2,176$0
Note rate6.34%6.34%7.18%
Blended rate6.34%6.762%7.42%
1st payment$2,821.98$2,821.98$3,023.46
2nd payment$0.00$355.32$0.00
Taxes / mo$163.58$163.58$163.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.26
HOA / mo$104.00$104.00$104.00
Total monthly$3,256.23$3,611.56$3,546.97
Cash to close$60,701$24,795$49,590