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$539,435$539,435$539,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$30,470$0
Funding fee$2,697$2,697$0
Note rate6.66%6.66%7.18%
Blended rate6.66%6.939%7.42%
1st payment$3,572.12$3,572.12$3,657.54
2nd payment$0.00$301.52$0.00
Taxes / mo$191.25$191.25$191.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$115.00$115.00$115.00
Total monthly$4,045.04$4,346.56$4,238.44
Cash to close$60,465$29,995$59,990