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$463,488$463,488$584,991
Remaining term (yrs)25.425.430.0
Secondary amount$0$121,503$0
Funding fee$2,317$2,317$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.474%7.640%
1st payment$2,304.39$2,304.39$4,050.36
2nd payment$0.00$810.02$0.00
Taxes / mo$78.67$78.67$78.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,549.72$3,359.74$4,412.69
Cash to close$186,502$64,999$64,999