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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$514,149$514,149$598,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$84,351$0
Funding fee$2,571$2,571$0
Note rate6.65%6.65%7.18%
Blended rate6.65%6.981%7.42%
1st payment$3,352.98$3,352.98$4,054.45
2nd payment$0.00$632.63$0.00
Taxes / mo$220.17$220.17$220.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$20.00$20.00$20.00
Total monthly$3,759.82$4,392.45$4,580.98
Cash to close$150,851$66,500$66,500