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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$495,536$495,536$585,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$89,464$0
Funding fee$2,478$2,478$0
Note rate6.15%6.15%7.18%
Blended rate6.15%6.586%7.42%
1st payment$3,039.85$3,039.85$3,962.99
2nd payment$0.00$670.98$0.00
Taxes / mo$135.92$135.92$135.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$100.00$100.00$100.00
Total monthly$3,442.43$4,113.41$4,482.58
Cash to close$154,464$65,000$65,000