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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$503,502$503,502$539,999
Remaining term (yrs)28.028.030.0
Secondary amount$0$36,497$0
Funding fee$2,518$2,518$0
Note rate6.44%6.44%7.18%
Blended rate6.44%6.613%7.42%
1st payment$3,234.86$3,234.86$3,658.14
2nd payment$0.00$273.73$0.00
Taxes / mo$46.08$46.08$46.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,447.61$3,721.33$3,978.89
Cash to close$96,497$60,000$60,000