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$537,171$537,171$539,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$32,734$0
Funding fee$2,686$2,686$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.620%7.640%
1st payment$3,357.25$3,357.25$3,738.23
2nd payment$0.00$323.93$0.00
Taxes / mo$138.27$138.27$138.27
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,662.18$3,986.11$4,151.14
Cash to close$62,729$29,995$59,990