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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$516,440$516,440$584,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$67,660$0
Funding fee$2,582$2,582$0
Note rate3.13%3.13%7.18%
Blended rate3.13%3.81%7.42%
1st payment$2,511.87$2,511.87$3,956.90
2nd payment$0.00$507.45$0.00
Taxes / mo$250.83$250.83$250.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$41.67$41.67$41.67
Total monthly$2,971.04$3,478.50$4,532.89
Cash to close$132,560$64,900$64,900