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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$587,934$587,934$661,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$73,566$0
Funding fee$2,940$2,940$0
Note rate6.77%6.77%7.18%
Blended rate6.77%7.018%7.42%
1st payment$3,869.35$3,869.35$4,481.23
2nd payment$0.00$551.75$0.00
Taxes / mo$216.83$216.83$216.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$139.00$139.00$139.00
Total monthly$4,441.85$4,993.59$5,186.03
Cash to close$147,066$73,500$73,500