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$539,546$539,546$566,820
Remaining term (yrs)25.525.530.0
Secondary amount$0$27,274$0
Funding fee$2,698$2,698$0
Note rate4.170%4.170%7.400%
Blended rate4.170%4.402%7.640%
1st payment$2,856.12$2,856.12$3,924.55
2nd payment$0.00$204.56$0.00
Taxes / mo$206.27$206.27$206.27
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.36
HOA / mo$0.00$0.00$0.00
Total monthly$3,229.05$3,433.61$4,410.84
Cash to close$90,254$62,980$62,980