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$521,206$521,206$558,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$36,794$0
Funding fee$2,606$2,606$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.450%7.640%
1st payment$3,360.76$3,360.76$3,863.48
2nd payment$0.00$275.95$0.00
Taxes / mo$344.17$344.17$344.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$146.00$146.00$146.00
Total monthly$4,017.59$4,293.55$4,631.91
Cash to close$98,794$62,000$62,000