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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$486,739$486,739$576,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$89,261$0
Funding fee$2,434$2,434$0
Note rate5.89%5.89%7.18%
Blended rate5.89%6.372%7.42%
1st payment$3,051.36$3,051.36$3,902.02
2nd payment$0.00$669.46$0.00
Taxes / mo$172.50$172.50$172.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$80.00$80.00$80.00
Total monthly$3,470.53$4,139.98$4,436.39
Cash to close$153,261$64,000$64,000