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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$448,853$448,853$661,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$212,647$0
Funding fee$2,244$2,244$0
Note rate3.26%3.26%7.18%
Blended rate3.26%4.703%7.42%
1st payment$2,264.55$2,264.55$4,481.23
2nd payment$0.00$1,373.34$0.00
Taxes / mo$324.08$324.08$324.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$82.00$82.00$82.00
Total monthly$2,887.30$4,260.65$5,236.28
Cash to close$286,147$73,500$73,500