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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$558,245$558,245$557,991
Remaining term (yrs)29.829.830.0
Secondary amount$0$30,746$0
Funding fee$2,791$2,791$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.781%7.42%
1st payment$3,531.68$3,531.68$3,780.03
2nd payment$0.00$304.25$0.00
Taxes / mo$16.75$16.75$16.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$136.00$136.00$136.00
Total monthly$3,851.10$4,155.35$4,211.04
Cash to close$61,745$31,000$61,999