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$550,507$550,507$616,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$65,993$0
Funding fee$2,753$2,753$0
Note rate3.550%3.550%7.400%
Blended rate3.550%4.133%7.640%
1st payment$2,737.03$2,737.03$4,268.52
2nd payment$0.00$494.95$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$133.00$133.00$133.00
Total monthly$3,278.28$3,773.23$4,933.07
Cash to close$134,493$68,500$68,500