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$537,968$537,968$610,200
Remaining term (yrs)26.326.330.0
Secondary amount$0$72,232$0
Funding fee$2,690$2,690$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.434%7.640%
1st payment$3,416.78$3,416.78$4,224.90
2nd payment$0.00$541.74$0.00
Taxes / mo$239.08$239.08$239.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.04
HOA / mo$118.00$118.00$118.00
Total monthly$3,940.53$4,482.28$4,870.69
Cash to close$140,032$67,800$67,800