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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$498,077$498,077$504,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,923$0
Funding fee$2,490$2,490$0
Note rate3.56%3.56%7.18%
Blended rate3.56%4.09%7.42%
1st payment$2,484.04$2,484.04$3,414.27
2nd payment$0.00$335.70$0.00
Taxes / mo$173.08$173.08$173.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$94.00$94.00$94.00
Total monthly$2,917.79$3,253.49$3,948.82
Cash to close$61,923$28,000$56,000