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$591,915$591,915$855,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$263,085$0
Funding fee$2,960$2,960$0
Note rate4.670%4.670%7.400%
Blended rate4.670%5.618%7.640%
1st payment$3,301.65$3,301.65$5,919.85
2nd payment$0.00$1,699.09$0.00
Taxes / mo$536.32$536.32$536.32
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$271.00$271.00$271.00
Total monthly$4,325.64$6,024.73$7,114.83
Cash to close$358,085$95,000$95,000