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$544,304$544,304$549,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$35,196$0
Funding fee$2,722$2,722$0
Note rate2.86%2.86%7.18%
Blended rate2.86%3.408%7.42%
1st payment$2,541.69$2,541.69$3,719.12
2nd payment$0.00$348.29$0.00
Taxes / mo$276.08$276.08$276.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$115.00$115.00$115.00
Total monthly$3,099.44$3,447.74$4,386.67
Cash to close$65,696$30,500$61,000