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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$472,117$472,117$643,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$171,383$0
Funding fee$2,361$2,361$0
Note rate3.22%3.22%7.18%
Blended rate3.22%4.493%7.42%
1st payment$2,273.59$2,273.59$4,359.29
2nd payment$0.00$1,142.55$0.00
Taxes / mo$183.00$183.00$183.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$195.00$195.00$195.00
Total monthly$2,868.25$4,010.81$5,082.66
Cash to close$242,883$71,500$71,500