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$440,303$440,303$445,496
Remaining term (yrs)26.226.230.0
Secondary amount$0$29,943$0
Funding fee$2,202$2,202$0
Note rate6.48%6.48%7.18%
Blended rate6.48%6.824%7.42%
1st payment$2,907.90$2,907.90$3,017.94
2nd payment$0.00$296.31$0.00
Taxes / mo$119.75$119.75$119.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$125.00$125.00$125.00
Total monthly$3,319.32$3,615.62$3,518.46
Cash to close$54,692$24,750$49,500