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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$478,271$478,271$629,010
Remaining term (yrs)25.225.230.0
Secondary amount$0$150,739$0
Funding fee$2,391$2,391$0
Note rate3.05%3.05%7.18%
Blended rate3.05%4.236%7.42%
1st payment$2,260.47$2,260.47$4,261.13
2nd payment$0.00$1,004.93$0.00
Taxes / mo$505.00$505.00$505.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.80
HOA / mo$97.17$97.17$97.17
Total monthly$3,029.30$4,034.23$5,155.77
Cash to close$220,629$69,890$69,890