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$483,764$483,764$710,550
Remaining term (yrs)28.028.030.0
Secondary amount$0$226,786$0
Funding fee$2,419$2,419$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.797%7.640%
1st payment$3,080.07$3,080.07$4,919.70
2nd payment$0.00$1,464.66$0.00
Taxes / mo$271.50$271.50$271.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.11
HOA / mo$0.00$0.00$0.00
Total monthly$3,568.23$5,032.89$5,549.98
Cash to close$305,736$78,950$78,950