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$531,407$531,407$544,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$43,343$0
Funding fee$2,657$2,657$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.100%7.640%
1st payment$3,559.14$3,559.14$3,770.01
2nd payment$0.00$428.92$0.00
Taxes / mo$437.25$437.25$437.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.90
HOA / mo$78.00$78.00$78.00
Total monthly$4,241.05$4,669.97$4,560.82
Cash to close$73,593$30,250$60,500