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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$428,158$428,158$472,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$44,342$0
Funding fee$2,141$2,141$0
Note rate4.42%4.42%7.18%
Blended rate4.42%4.85%7.42%
1st payment$2,331.02$2,331.02$3,200.88
2nd payment$0.00$332.56$0.00
Taxes / mo$187.00$187.00$187.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,784.69$3,117.25$3,749.05
Cash to close$96,842$52,500$52,500