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$516,130$516,130$539,996
Remaining term (yrs)26.026.030.0
Secondary amount$0$53,865$0
Funding fee$2,581$2,581$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.849%7.640%
1st payment$3,021.85$3,021.85$3,738.82
2nd payment$0.00$533.04$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$158.00$158.00$158.00
Total monthly$3,582.68$4,115.72$4,407.65
Cash to close$83,865$30,000$60,000