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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$445,844$445,844$490,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$44,656$0
Funding fee$2,229$2,229$0
Note rate6.76%6.76%7.18%
Blended rate6.76%6.964%7.42%
1st payment$2,942.46$2,942.46$3,322.82
2nd payment$0.00$334.92$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$112.00$112.00$112.00
Total monthly$3,392.96$3,727.88$3,871.42
Cash to close$99,156$54,500$54,500