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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$448,376$448,376$468,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$45,624$0
Funding fee$2,242$2,242$0
Note rate7.44%7.44%7.18%
Blended rate7.44%7.85%7.42%
1st payment$3,204.55$3,204.55$3,170.40
2nd payment$0.00$451.48$0.00
Taxes / mo$169.42$169.42$169.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$86.67$86.67$86.67
Total monthly$3,627.30$4,078.79$3,686.75
Cash to close$71,624$26,000$52,000