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$471,844$471,844$828,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$356,156$0
Funding fee$2,359$2,359$0
Note rate3.180%3.180%7.400%
Blended rate3.180%5.146%7.640%
1st payment$2,322.97$2,322.97$5,732.90
2nd payment$0.00$2,300.18$0.00
Taxes / mo$543.08$543.08$543.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$165.60
HOA / mo$65.00$65.00$65.00
Total monthly$3,147.72$5,447.89$6,723.25
Cash to close$448,156$92,000$92,000