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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$556,611$556,611$701,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$144,489$0
Funding fee$2,783$2,783$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.031%7.42%
1st payment$3,368.74$3,368.74$4,749.50
2nd payment$0.00$963.26$0.00
Taxes / mo$240.92$240.92$240.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$30.00$30.00$30.00
Total monthly$3,856.33$4,819.59$5,377.30
Cash to close$222,389$77,900$77,900