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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$595,284$595,284$683,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$87,816$0
Funding fee$2,976$2,976$0
Note rate6.69%6.69%7.18%
Blended rate6.69%6.987%7.42%
1st payment$3,983.72$3,983.72$4,627.56
2nd payment$0.00$658.62$0.00
Taxes / mo$288.75$288.75$288.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$50.00$50.00$50.00
Total monthly$4,539.14$5,197.76$5,319.59
Cash to close$163,716$75,900$75,900