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$53,708$53,708$463,500
Remaining term (yrs)4.14.130.0
Secondary amount$0$409,792$0
Funding fee$269$269$0
Note rate7.680%7.680%7.400%
Blended rate7.680%7.742%7.640%
1st payment$1,237.62$1,237.62$3,209.18
2nd payment$0.00$2,646.58$0.00
Taxes / mo$143.17$143.17$143.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,547.46$4,194.03$3,611.71
Cash to close$461,292$51,500$51,500