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$515,324$515,324$674,991
Remaining term (yrs)29.629.630.0
Secondary amount$0$159,667$0
Funding fee$2,577$2,577$0
Note rate4.990%4.990%7.400%
Blended rate4.990%5.702%7.640%
1st payment$2,773.28$2,773.28$4,673.50
2nd payment$0.00$1,064.44$0.00
Taxes / mo$624.99$624.99$624.99
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$150.00$150.00$150.00
Total monthly$3,764.94$4,829.38$5,800.16
Cash to close$234,666$74,999$74,999