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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$558,245$558,245$565,997
Remaining term (yrs)29.829.830.0
Secondary amount$0$39,196$0
Funding fee$2,791$2,791$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.853%7.560%
1st payment$3,531.68$3,531.68$3,888.00
2nd payment$0.00$387.88$0.00
Taxes / mo$16.75$16.75$16.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.20
HOA / mo$136.00$136.00$136.00
Total monthly$3,851.10$4,238.97$4,320.62
Cash to close$70,640$31,444$62,889