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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$436,386$436,386$495,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$58,614$0
Funding fee$2,182$2,182$0
Note rate6.46%6.46%7.18%
Blended rate6.46%6.761%7.42%
1st payment$2,759.50$2,759.50$3,353.30
2nd payment$0.00$439.60$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$139.00$139.00$139.00
Total monthly$3,233.50$3,673.10$3,926.30
Cash to close$113,614$55,000$55,000