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$468,287$468,287$472,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$30,463$0
Funding fee$2,341$2,341$0
Note rate5.3%5.3%7.18%
Blended rate5.3%5.702%7.42%
1st payment$2,776.52$2,776.52$3,200.88
2nd payment$0.00$301.45$0.00
Taxes / mo$247.42$247.42$247.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$136.00$136.00$136.00
Total monthly$3,326.61$3,628.06$3,845.46
Cash to close$56,713$26,250$52,500