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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$542,392$542,392$584,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$41,708$0
Funding fee$2,712$2,712$0
Note rate5.3%5.3%7.18%
Blended rate5.3%5.564%7.42%
1st payment$3,220.77$3,220.77$3,956.90
2nd payment$0.00$312.81$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,566.60$3,879.41$4,419.55
Cash to close$106,608$64,900$64,900