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$477,272$477,272$629,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$152,638$0
Funding fee$2,386$2,386$0
Note rate6.700%6.700%7.400%
Blended rate6.700%7.015%7.640%
1st payment$3,226.39$3,226.39$4,361.37
2nd payment$0.00$1,017.59$0.00
Taxes / mo$869.01$869.01$869.01
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$58.33$58.33$58.33
Total monthly$4,320.39$5,337.98$5,581.35
Cash to close$222,628$69,990$69,990