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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$455,753$455,753$522,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$66,247$0
Funding fee$2,279$2,279$0
Note rate5.22%5.22%7.18%
Blended rate5.22%5.7%7.42%
1st payment$2,668.35$2,668.35$3,536.21
2nd payment$0.00$496.85$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$87.00$87.00$87.00
Total monthly$3,116.51$3,613.37$4,088.78
Cash to close$124,247$58,000$58,000