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$549,731$549,731$580,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$30,769$0
Funding fee$2,749$2,749$0
Note rate6.71%6.71%7.18%
Blended rate6.71%6.831%7.42%
1st payment$3,681.87$3,681.87$3,932.51
2nd payment$0.00$230.77$0.00
Taxes / mo$438.17$438.17$438.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,286.70$4,517.47$4,653.44
Cash to close$95,269$64,500$64,500