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$502,746$502,746$517,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$43,504$0
Funding fee$2,514$2,514$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.406%7.640%
1st payment$2,551.99$2,551.99$3,583.07
2nd payment$0.00$430.50$0.00
Taxes / mo$181.50$181.50$181.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$65.00$65.00$65.00
Total monthly$2,965.16$3,395.66$4,099.73
Cash to close$72,254$28,750$57,500