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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$484,572$484,572$517,455
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,883$0
Funding fee$2,423$2,423$0
Note rate2.88%2.88%7.18%
Blended rate2.88%3.269%7.42%
1st payment$2,262.62$2,262.62$3,505.42
2nd payment$0.00$246.62$0.00
Taxes / mo$232.33$232.33$232.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.49
HOA / mo$116.00$116.00$116.00
Total monthly$2,777.62$3,024.24$4,123.91
Cash to close$90,378$57,495$57,495