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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$459,752$459,752$480,150
Remaining term (yrs)28.928.930.0
Secondary amount$0$47,073$0
Funding fee$2,299$2,299$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.999%7.42%
1st payment$2,938.79$2,938.79$3,252.70
2nd payment$0.00$465.83$0.00
Taxes / mo$142.42$142.42$142.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.03
HOA / mo$0.00$0.00$0.00
Total monthly$3,247.88$3,713.70$3,657.82
Cash to close$73,748$26,675$53,350