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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$521,092$521,092$593,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$72,008$0
Funding fee$2,605$2,605$0
Note rate4.17%4.17%7.18%
Blended rate4.17%4.756%7.42%
1st payment$2,763.46$2,763.46$4,017.87
2nd payment$0.00$540.06$0.00
Taxes / mo$258.25$258.25$258.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$120.00$120.00$120.00
Total monthly$3,308.38$3,848.44$4,681.40
Cash to close$137,908$65,900$65,900