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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$555,146$555,146$742,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$187,354$0
Funding fee$2,776$2,776$0
Note rate6.65%6.65%7.18%
Blended rate6.65%6.991%7.42%
1st payment$3,902.28$3,902.28$5,029.95
2nd payment$0.00$1,249.03$0.00
Taxes / mo$228.83$228.83$228.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,347.78$5,596.81$5,623.95
Cash to close$269,854$82,500$82,500