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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$515,000$515,000$540,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$25,000$0
Funding fee$2,575$2,575$0
Note rate0%0%7.18%
Blended rate0%0.417%7.42%
1st payment$1,430.56$1,430.56$3,658.15
2nd payment$0.00$187.50$0.00
Taxes / mo$46.08$46.08$46.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,643.31$1,830.81$3,978.90
Cash to close$85,000$60,000$60,000