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$538,939$538,939$1,075,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$536,561$0
Funding fee$2,695$2,695$0
Note rate6.560%6.560%7.400%
Blended rate6.560%7.154%7.640%
1st payment$3,459.43$3,459.43$7,446.54
2nd payment$0.00$3,465.29$0.00
Taxes / mo$995.83$995.83$995.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$85.00$85.00$85.00
Total monthly$4,756.93$8,222.23$8,959.14
Cash to close$656,061$119,500$119,500