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$503,964$503,964$539,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$36,035$0
Funding fee$2,520$2,520$0
Note rate4.67%4.67%7.18%
Blended rate4.67%4.959%7.42%
1st payment$2,811.07$2,811.07$3,658.14
2nd payment$0.00$270.26$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$13.00$13.00$13.00
Total monthly$3,087.07$3,357.33$4,042.14
Cash to close$96,035$60,000$60,000