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$466,274$466,274$485,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,776$0
Funding fee$2,331$2,331$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.203%7.640%
1st payment$2,293.13$2,293.13$3,358.73
2nd payment$0.00$453.00$0.00
Taxes / mo$204.00$204.00$204.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$90.00$90.00$90.00
Total monthly$2,753.79$3,206.79$3,916.42
Cash to close$72,726$26,950$53,900