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$436,407$436,407$566,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$130,592$0
Funding fee$2,182$2,182$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.498%7.640%
1st payment$2,141.88$2,141.88$3,925.79
2nd payment$0.00$870.61$0.00
Taxes / mo$579.54$579.54$579.54
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$450.00$450.00$450.00
Total monthly$3,338.09$4,208.70$5,235.40
Cash to close$193,592$63,000$63,000