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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$516,760$516,760$755,865
Remaining term (yrs)28.228.230.0
Secondary amount$0$239,105$0
Funding fee$2,584$2,584$0
Note rate6.93%6.93%7.18%
Blended rate6.93%7.189%7.42%
1st payment$3,474.80$3,474.80$5,120.49
2nd payment$0.00$1,544.22$0.00
Taxes / mo$347.58$347.58$347.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.17
HOA / mo$112.00$112.00$112.00
Total monthly$4,151.05$5,695.27$5,947.92
Cash to close$323,090$83,985$83,985