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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$495,188$495,188$530,099
Remaining term (yrs)28.528.530.0
Secondary amount$0$34,911$0
Funding fee$2,476$2,476$0
Note rate3.99%3.99%7.18%
Blended rate3.99%4.32%7.42%
1st payment$2,422.29$2,422.29$3,591.08
2nd payment$0.00$261.83$0.00
Taxes / mo$235.60$235.60$235.60
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.02
HOA / mo$90.00$90.00$90.00
Total monthly$2,914.56$3,176.39$4,189.36
Cash to close$93,811$58,900$58,900