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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$539,148$539,148$648,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$108,852$0
Funding fee$2,696$2,696$0
Note rate6.85%6.85%7.18%
Blended rate6.85%7.043%7.42%
1st payment$3,603.93$3,603.93$4,389.78
2nd payment$0.00$725.68$0.00
Taxes / mo$110.58$110.58$110.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,931.18$4,656.85$4,846.63
Cash to close$180,852$72,000$72,000