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$459,129$459,129$522,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$62,871$0
Funding fee$2,296$2,296$0
Note rate6.480%6.480%7.400%
Blended rate6.480%6.784%7.640%
1st payment$3,028.61$3,028.61$3,614.22
2nd payment$0.00$471.53$0.00
Taxes / mo$457.92$457.92$457.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$65.00$65.00$65.00
Total monthly$3,718.19$4,189.72$4,408.21
Cash to close$120,871$58,000$58,000