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$11,491$11,491$616,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$605,009$0
Funding fee$57$57$0
Note rate5.130%5.130%7.400%
Blended rate5.130%7.701%7.640%
1st payment$68.97$68.97$4,268.52
2nd payment$0.00$3,907.35$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$345.00$345.00$345.00
Total monthly$1,151.47$5,058.82$5,474.32
Cash to close$673,509$68,500$68,500