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$499,911$499,911$607,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$107,589$0
Funding fee$2,500$2,500$0
Note rate6.750%6.750%7.400%
Blended rate6.750%6.971%7.640%
1st payment$3,277.34$3,277.34$4,206.21
2nd payment$0.00$717.26$0.00
Taxes / mo$186.00$186.00$186.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$67.00$67.00$67.00
Total monthly$3,697.01$4,414.27$4,747.37
Cash to close$175,089$67,500$67,500