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$446,475$446,475$539,910
Remaining term (yrs)29.229.230.0
Secondary amount$0$93,435$0
Funding fee$2,232$2,232$0
Note rate6.18%6.18%7.18%
Blended rate6.18%6.668%7.42%
1st payment$2,750.27$2,750.27$3,657.54
2nd payment$0.00$700.76$0.00
Taxes / mo$167.33$167.33$167.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,084.27$3,785.04$4,099.52
Cash to close$153,425$59,990$59,990