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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$592,545$592,545$643,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$50,955$0
Funding fee$2,963$2,963$0
Note rate4.67%4.67%7.18%
Blended rate4.67%5.013%7.42%
1st payment$3,305.17$3,305.17$4,359.29
2nd payment$0.00$382.16$0.00
Taxes / mo$287.17$287.17$287.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$10.50$10.50$10.50
Total monthly$3,819.50$4,201.66$5,002.33
Cash to close$122,455$71,500$71,500