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$542,909$542,909$719,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$177,001$0
Funding fee$2,715$2,715$0
Note rate6.470%6.470%7.400%
Blended rate6.470%6.846%7.640%
1st payment$3,498.53$3,498.53$4,984.51
2nd payment$0.00$1,180.00$0.00
Taxes / mo$139.42$139.42$139.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,854.61$5,034.62$5,484.58
Cash to close$256,991$79,990$79,990