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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$533,180$533,180$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$51,820$0
Funding fee$2,666$2,666$0
Note rate2.77%2.77%7.18%
Blended rate2.77%3.322%7.42%
1st payment$2,459.40$2,459.40$3,962.99
2nd payment$0.00$388.65$0.00
Taxes / mo$257.67$257.67$257.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$118.00$118.00$118.00
Total monthly$3,001.73$3,390.38$4,622.33
Cash to close$116,820$65,000$65,000