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$487,398$487,398$576,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$88,602$0
Funding fee$2,437$2,437$0
Note rate5.890%5.890%7.400%
Blended rate5.890%6.368%7.640%
1st payment$3,051.36$3,051.36$3,988.11
2nd payment$0.00$664.51$0.00
Taxes / mo$172.50$172.50$172.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$80.00$80.00$80.00
Total monthly$3,470.53$4,135.04$4,522.47
Cash to close$152,602$64,000$64,000