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$477,616$477,616$593,910
Remaining term (yrs)14.214.230.0
Secondary amount$0$116,294$0
Funding fee$2,388$2,388$0
Note rate5.470%5.470%7.400%
Blended rate5.470%5.965%7.640%
1st payment$4,012.22$4,012.22$4,112.11
2nd payment$0.00$775.29$0.00
Taxes / mo$288.51$288.51$288.51
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.78
HOA / mo$10.42$10.42$10.42
Total monthly$4,477.82$5,253.11$4,696.49
Cash to close$182,284$65,990$65,990