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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$449,039$449,039$769,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$320,461$0
Funding fee$2,245$2,245$0
Note rate3%3%7.18%
Blended rate3%4.978%7.42%
1st payment$2,143.85$2,143.85$5,212.86
2nd payment$0.00$2,069.64$0.00
Taxes / mo$212.00$212.00$212.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,572.52$4,642.16$5,795.43
Cash to close$405,961$85,500$85,500