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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$529,645$529,645$562,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$32,855$0
Funding fee$2,648$2,648$0
Note rate6.63%6.63%7.18%
Blended rate6.63%6.768%7.42%
1st payment$3,430.53$3,430.53$3,810.57
2nd payment$0.00$246.41$0.00
Taxes / mo$215.50$215.50$215.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$542.00$542.00$542.00
Total monthly$4,354.70$4,601.11$4,847.24
Cash to close$95,355$62,500$62,500