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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$470,449$470,449$553,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$83,051$0
Funding fee$2,352$2,352$0
Note rate3.070%3.070%7.240%
Blended rate3.070%3.960%7.480%
1st payment$2,233.29$2,233.29$3,772.09
2nd payment$0.00$622.88$0.00
Taxes / mo$199.25$199.25$199.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,599.21$3,222.09$4,248.71
Cash to close$144,551$61,500$61,500