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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$509,720$509,720$517,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$36,530$0
Funding fee$2,549$2,549$0
Note rate6.77%6.77%7.18%
Blended rate6.77%7.111%7.42%
1st payment$3,390.65$3,390.65$3,505.73
2nd payment$0.00$361.50$0.00
Taxes / mo$258.75$258.75$258.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$232.00$232.00$232.00
Total monthly$4,048.07$4,409.56$4,266.64
Cash to close$65,280$28,750$57,500