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$510,232$510,232$539,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,868$0
Funding fee$2,551$2,551$0
Note rate6.770%6.770%7.400%
Blended rate6.770%6.889%7.640%
1st payment$3,390.65$3,390.65$3,732.62
2nd payment$0.00$216.51$0.00
Taxes / mo$258.75$258.75$258.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$232.00$232.00$232.00
Total monthly$4,048.07$4,264.58$4,497.86
Cash to close$88,768$59,900$59,900