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$69,305$69,305$449,100
Remaining term (yrs)13.113.130.0
Secondary amount$0$379,795$0
Funding fee$347$347$0
Note rate6.000%6.000%7.400%
Blended rate6.000%7.480%7.640%
1st payment$632.89$632.89$3,109.48
2nd payment$0.00$2,452.84$0.00
Taxes / mo$97.42$97.42$97.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$3.92$3.92$3.92
Total monthly$900.90$3,353.74$3,467.30
Cash to close$429,695$49,900$49,900