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$517,121$517,121$549,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,879$0
Funding fee$2,586$2,586$0
Note rate5.520%5.520%7.400%
Blended rate5.520%5.722%7.640%
1st payment$3,129.74$3,129.74$3,801.17
2nd payment$0.00$239.09$0.00
Taxes / mo$335.83$335.83$335.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$11.25$11.25$11.25
Total monthly$3,643.49$3,882.58$4,424.71
Cash to close$92,879$61,000$61,000