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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$517,342$517,342$572,400
Remaining term (yrs)28.928.930.0
Secondary amount$0$55,058$0
Funding fee$2,587$2,587$0
Note rate6.58%6.58%7.18%
Blended rate6.58%6.813%7.42%
1st payment$3,333.92$3,333.92$3,877.64
2nd payment$0.00$412.93$0.00
Taxes / mo$226.08$226.08$226.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.48
HOA / mo$58.17$58.17$58.17
Total monthly$3,784.84$4,197.78$4,443.04
Cash to close$118,658$63,600$63,600