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$533,573$533,573$647,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$114,337$0
Funding fee$2,668$2,668$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.776%7.640%
1st payment$3,154.13$3,154.13$4,486.00
2nd payment$0.00$762.25$0.00
Taxes / mo$599.92$599.92$599.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.58
HOA / mo$809.00$809.00$809.00
Total monthly$4,779.71$5,541.96$6,241.16
Cash to close$186,327$71,990$71,990