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$488,305$488,305$517,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$29,195$0
Funding fee$2,442$2,442$0
Note rate4.670%4.670%7.400%
Blended rate4.670%4.914%7.640%
1st payment$2,723.73$2,723.73$3,583.07
2nd payment$0.00$218.96$0.00
Taxes / mo$428.17$428.17$428.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$17.67$17.67$17.67
Total monthly$3,336.23$3,555.19$4,299.07
Cash to close$86,695$57,500$57,500