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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$466,242$466,242$472,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$32,508$0
Funding fee$2,331$2,331$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.85%7.42%
1st payment$3,023.05$3,023.05$3,200.88
2nd payment$0.00$321.69$0.00
Taxes / mo$135.00$135.00$135.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$55.00$55.00$55.00
Total monthly$3,379.72$3,701.41$3,652.05
Cash to close$58,758$26,250$52,500