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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$564,253$564,253$719,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$154,847$0
Funding fee$2,821$2,821$0
Note rate5.54%5.54%7.18%
Blended rate5.54%6.07%7.42%
1st payment$3,421.81$3,421.81$4,871.43
2nd payment$0.00$1,032.32$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,754.22$4,786.54$5,347.67
Cash to close$234,747$79,900$79,900