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$429,547$429,547$449,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$44,503$0
Funding fee$2,148$2,148$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.845%7.640%
1st payment$2,514.92$2,514.92$3,109.48
2nd payment$0.00$440.40$0.00
Taxes / mo$503.42$503.42$503.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$112.00$112.00$112.00
Total monthly$3,297.00$3,737.39$3,981.38
Cash to close$69,453$24,950$49,900