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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$561,449$561,449$972,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$410,551$0
Funding fee$2,807$2,807$0
Note rate6.92%6.92%7.18%
Blended rate6.92%7.271%7.42%
1st payment$3,874.63$3,874.63$6,584.67
2nd payment$0.00$2,651.47$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$194.40
HOA / mo$132.00$132.00$132.00
Total monthly$4,554.71$7,206.19$7,459.15
Cash to close$518,551$108,000$108,000