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$568,572$568,572$584,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$47,978$0
Funding fee$2,843$2,843$0
Note rate6.62%6.62%7.18%
Blended rate6.62%7.029%7.42%
1st payment$3,750.39$3,750.39$3,956.90
2nd payment$0.00$474.78$0.00
Taxes / mo$207.17$207.17$207.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$124.00$124.00$124.00
Total monthly$4,248.23$4,723.01$4,571.55
Cash to close$80,428$32,450$64,900