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$472,703$472,703$657,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$184,297$0
Funding fee$2,364$2,364$0
Note rate6.49%6.49%7.18%
Blended rate6.49%6.914%7.42%
1st payment$3,128.64$3,128.64$4,450.75
2nd payment$0.00$1,228.65$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$420.00$420.00$420.00
Total monthly$3,934.14$5,162.78$5,387.65
Cash to close$257,297$73,000$73,000