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$467,666$467,666$576,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$108,334$0
Funding fee$2,338$2,338$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.042%7.640%
1st payment$3,135.64$3,135.64$3,988.11
2nd payment$0.00$722.23$0.00
Taxes / mo$161.06$161.06$161.06
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,463.36$4,185.59$4,431.03
Cash to close$172,334$64,000$64,000