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$515,660$515,660$571,498
Remaining term (yrs)25.625.630.0
Secondary amount$0$55,838$0
Funding fee$2,578$2,578$0
Note rate5.11%5.11%7.18%
Blended rate5.11%5.49%7.42%
1st payment$3,008.63$3,008.63$3,871.53
2nd payment$0.00$418.79$0.00
Taxes / mo$230.50$230.50$230.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$77.33$77.33$77.33
Total monthly$3,483.13$3,901.91$4,460.32
Cash to close$119,338$63,500$63,500