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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$497,404$497,404$526,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,096$0
Funding fee$2,487$2,487$0
Note rate6.96%6.96%7.18%
Blended rate6.96%7.073%7.42%
1st payment$3,419.11$3,419.11$3,566.69
2nd payment$0.00$218.22$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,709.19$3,927.42$3,962.08
Cash to close$87,596$58,500$58,500