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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$425,607$425,607$445,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$44,643$0
Funding fee$2,128$2,128$0
Note rate3.45%3.45%7.18%
Blended rate3.45%4.25%7.42%
1st payment$2,097.41$2,097.41$3,017.97
2nd payment$0.00$441.78$0.00
Taxes / mo$127.50$127.50$127.50
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$89.10
HOA / mo$50.00$50.00$50.00
Total monthly$2,274.91$2,716.69$3,284.57
Cash to close$69,393$24,750$49,500