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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$473,511$473,511$517,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$43,989$0
Funding fee$2,368$2,368$0
Note rate3.1%3.1%7.18%
Blended rate3.1%3.602%7.42%
1st payment$2,250.38$2,250.38$3,505.73
2nd payment$0.00$329.91$0.00
Taxes / mo$422.25$422.25$422.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$128.00$128.00$128.00
Total monthly$2,967.29$3,297.21$4,326.14
Cash to close$101,489$57,500$57,500