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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$515,354$515,354$539,996
Remaining term (yrs)25.925.930.0
Secondary amount$0$54,641$0
Funding fee$2,577$2,577$0
Note rate5.22%5.22%7.18%
Blended rate5.22%5.858%7.42%
1st payment$3,021.85$3,021.85$3,658.12
2nd payment$0.00$540.72$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$158.00$158.00$158.00
Total monthly$3,582.68$4,123.40$4,326.95
Cash to close$84,641$30,000$60,000