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$567,687$567,687$675,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$107,313$0
Funding fee$2,838$2,838$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.595%7.640%
1st payment$3,686.40$3,686.40$4,673.56
2nd payment$0.00$715.42$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$309.67$309.67$309.67
Total monthly$4,367.32$5,082.73$5,489.48
Cash to close$182,313$75,000$75,000