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$426,816$426,816$530,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$104,183$0
Funding fee$2,134$2,134$0
Note rate3.020%3.020%7.400%
Blended rate3.020%3.997%7.640%
1st payment$2,033.00$2,033.00$3,676.53
2nd payment$0.00$694.55$0.00
Taxes / mo$489.75$489.75$489.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$93.33$93.33$93.33
Total monthly$2,782.74$3,477.30$4,532.48
Cash to close$163,183$59,000$59,000