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$544,799$544,799$661,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$116,701$0
Funding fee$2,724$2,724$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.732%7.640%
1st payment$3,438.63$3,438.63$4,580.09
2nd payment$0.00$778.01$0.00
Taxes / mo$158.50$158.50$158.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,813.80$4,591.80$5,087.56
Cash to close$190,201$73,500$73,500