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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$461,265$461,265$557,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$96,645$0
Funding fee$2,306$2,306$0
Note rate3.09%3.09%7.18%
Blended rate3.09%4.114%7.42%
1st payment$2,199.32$2,199.32$3,779.48
2nd payment$0.00$724.84$0.00
Taxes / mo$238.08$238.08$238.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.58
HOA / mo$128.00$128.00$128.00
Total monthly$2,732.07$3,456.91$4,423.81
Cash to close$158,635$61,990$61,990