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$572,233$572,233$759,510
Remaining term (yrs)27.627.630.0
Secondary amount$0$187,277$0
Funding fee$2,861$2,861$0
Note rate6.99%6.99%7.18%
Blended rate6.99%7.239%7.42%
1st payment$3,900.35$3,900.35$5,145.19
2nd payment$0.00$1,248.52$0.00
Taxes / mo$284.17$284.17$284.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.90
HOA / mo$0.00$0.00$0.00
Total monthly$4,401.19$5,649.70$5,797.92
Cash to close$271,667$84,390$84,390