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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$445,238$445,238$585,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$139,762$0
Funding fee$2,226$2,226$0
Note rate2.73%2.73%7.18%
Blended rate2.73%3.989%7.42%
1st payment$2,078.57$2,078.57$3,962.99
2nd payment$0.00$931.75$0.00
Taxes / mo$315.42$315.42$315.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$146.00$146.00$146.00
Total monthly$2,706.66$3,638.40$4,708.08
Cash to close$204,762$65,000$65,000