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$496,034$496,034$585,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$88,966$0
Funding fee$2,480$2,480$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.583%7.640%
1st payment$3,039.85$3,039.85$4,050.42
2nd payment$0.00$667.25$0.00
Taxes / mo$135.92$135.92$135.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$100.00$100.00$100.00
Total monthly$3,442.43$4,109.68$4,570.01
Cash to close$153,966$65,000$65,000