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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$51,441$51,441$549,000
Remaining term (yrs)3.63.630.0
Secondary amount$0$497,559$0
Funding fee$257$257$0
Note rate7.84%7.84%7.18%
Blended rate7.84%7.758%7.42%
1st payment$1,348.99$1,348.99$3,719.12
2nd payment$0.00$3,213.40$0.00
Taxes / mo$183.83$183.83$183.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$48.67$48.67$48.67
Total monthly$1,748.16$4,961.56$4,228.09
Cash to close$558,559$61,000$61,000