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$437,707$437,707$486,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$48,293$0
Funding fee$2,189$2,189$0
Note rate6.480%6.480%7.400%
Blended rate6.480%6.730%7.640%
1st payment$2,887.30$2,887.30$3,364.97
2nd payment$0.00$362.20$0.00
Taxes / mo$454.67$454.67$454.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$46.67$46.67$46.67
Total monthly$3,555.30$3,917.50$4,130.17
Cash to close$102,293$54,000$54,000