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$461,868$461,868$484,999
Remaining term (yrs)20.220.230.0
Secondary amount$0$50,075$0
Funding fee$2,309$2,309$0
Note rate6.580%6.580%7.400%
Blended rate6.580%7.098%7.640%
1st payment$3,437.96$3,437.96$3,358.04
2nd payment$0.00$495.54$0.00
Taxes / mo$449.07$449.07$449.07
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.00
HOA / mo$300.00$300.00$300.00
Total monthly$4,353.70$4,849.23$4,370.78
Cash to close$77,020$26,944$53,889