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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$487,147$487,147$589,499
Remaining term (yrs)29.629.630.0
Secondary amount$0$102,352$0
Funding fee$2,436$2,436$0
Note rate6.3%6.3%7.18%
Blended rate6.3%6.595%7.42%
1st payment$3,026.78$3,026.78$3,993.47
2nd payment$0.00$682.34$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$65.00$65.00$65.00
Total monthly$3,465.19$4,147.54$4,549.79
Cash to close$167,852$65,500$65,500