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$514,488$514,488$1,004,711
Remaining term (yrs)29.429.430.0
Secondary amount$0$490,222$0
Funding fee$2,572$2,572$0
Note rate6.110%6.110%7.400%
Blended rate6.110%6.910%7.640%
1st payment$3,139.69$3,139.69$6,956.41
2nd payment$0.00$3,166.02$0.00
Taxes / mo$429.86$429.86$429.86
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$200.94
HOA / mo$125.00$125.00$125.00
Total monthly$3,911.22$7,077.24$7,928.88
Cash to close$601,857$111,635$111,635