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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$462,554$462,554$886,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$423,946$0
Funding fee$2,313$2,313$0
Note rate6.65%6.65%7.18%
Blended rate6.65%7.176%7.42%
1st payment$3,022.45$3,022.45$6,005.46
2nd payment$0.00$2,737.99$0.00
Taxes / mo$350.17$350.17$350.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.30
HOA / mo$134.00$134.00$134.00
Total monthly$3,723.28$6,461.27$6,883.59
Cash to close$522,446$98,500$98,500