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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$535,853$535,853$643,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$107,647$0
Funding fee$2,679$2,679$0
Note rate6.58%6.58%7.18%
Blended rate6.58%6.818%7.42%
1st payment$3,453.21$3,453.21$4,359.29
2nd payment$0.00$717.64$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,866.30$4,583.94$4,901.08
Cash to close$179,147$71,500$71,500