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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$581,426$581,426$611,999
Remaining term (yrs)29.029.030.0
Secondary amount$0$30,573$0
Funding fee$2,907$2,907$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.625%7.42%
1st payment$3,712.94$3,712.94$4,145.90
2nd payment$0.00$229.30$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,169.19$4,398.49$4,724.54
Cash to close$98,573$68,000$68,000