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$450,145$450,145$463,499
Remaining term (yrs)24.824.830.0
Secondary amount$0$39,104$0
Funding fee$2,251$2,251$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.691%7.640%
1st payment$2,134.76$2,134.76$3,209.17
2nd payment$0.00$386.97$0.00
Taxes / mo$195.00$195.00$195.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$157.00$157.00$157.00
Total monthly$2,653.43$3,040.39$3,820.54
Cash to close$64,854$25,750$51,500