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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$489,245$489,245$513,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$52,255$0
Funding fee$2,446$2,446$0
Note rate5.52%5.52%7.18%
Blended rate5.52%6.133%7.42%
1st payment$2,965.34$2,965.34$3,475.24
2nd payment$0.00$517.11$0.00
Taxes / mo$174.00$174.00$174.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$80.00$80.00$80.00
Total monthly$3,386.00$3,903.11$3,998.51
Cash to close$80,755$28,500$57,000