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$562,083$562,083$1,030,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$468,417$0
Funding fee$2,810$2,810$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.297%7.640%
1st payment$3,874.63$3,874.63$7,134.97
2nd payment$0.00$3,025.19$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.10
HOA / mo$132.00$132.00$132.00
Total monthly$4,554.71$7,579.91$8,021.16
Cash to close$582,917$114,500$114,500