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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$511,295$511,295$629,909
Remaining term (yrs)27.727.730.0
Secondary amount$0$118,614$0
Funding fee$2,556$2,556$0
Note rate5.625%5.625%7.18%
Blended rate5.625%6.072%7.42%
1st payment$3,032.73$3,032.73$4,267.22
2nd payment$0.00$790.76$0.00
Taxes / mo$247.58$247.58$247.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$43.33$43.33$43.33
Total monthly$3,490.31$4,281.07$4,850.79
Cash to close$188,604$69,990$69,990