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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$479,205$479,205$579,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$100,395$0
Funding fee$2,396$2,396$0
Note rate3.01%3.01%7.18%
Blended rate3.01%3.874%7.42%
1st payment$2,269.87$2,269.87$3,926.41
2nd payment$0.00$669.30$0.00
Taxes / mo$232.17$232.17$232.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.92
HOA / mo$157.00$157.00$157.00
Total monthly$2,825.70$3,495.00$4,598.17
Cash to close$164,795$64,400$64,400