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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$502,798$502,798$801,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$298,202$0
Funding fee$2,514$2,514$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.35%7.42%
1st payment$3,047.48$3,047.48$5,426.25
2nd payment$0.00$1,925.89$0.00
Taxes / mo$314.08$314.08$314.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.20
HOA / mo$146.00$146.00$146.00
Total monthly$3,724.23$5,650.12$6,263.20
Cash to close$387,202$89,000$89,000