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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$566,618$566,618$584,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$49,932$0
Funding fee$2,833$2,833$0
Note rate4.250%4.250%7.320%
Blended rate4.250%4.868%7.560%
1st payment$2,891.36$2,891.36$4,012.36
2nd payment$0.00$494.12$0.00
Taxes / mo$22.58$22.58$22.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$110.00$110.00$110.00
Total monthly$3,190.61$3,684.73$4,428.43
Cash to close$82,382$32,450$64,900