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$534,405$534,405$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$50,595$0
Funding fee$2,672$2,672$0
Note rate2.770%2.770%7.400%
Blended rate2.770%3.309%7.640%
1st payment$2,459.40$2,459.40$4,050.42
2nd payment$0.00$379.46$0.00
Taxes / mo$257.67$257.67$257.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$118.00$118.00$118.00
Total monthly$3,001.73$3,381.19$4,709.76
Cash to close$115,595$65,000$65,000