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$537,225$537,225$535,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,025$0
Funding fee$2,686$2,686$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.426%7.640%
1st payment$3,118.32$3,118.32$3,707.69
2nd payment$0.00$277.33$0.00
Taxes / mo$297.70$297.70$297.70
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$25.00$25.00$25.00
Total monthly$3,607.68$3,885.01$4,304.16
Cash to close$57,775$29,750$59,500