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$24,719$24,719$585,000
Remaining term (yrs)1.01.030.0
Secondary amount$0$560,281$0
Funding fee$124$124$0
Note rate6.310%6.310%7.400%
Blended rate6.310%7.689%7.640%
1st payment$1,836.07$1,836.07$4,050.42
2nd payment$0.00$3,618.48$0.00
Taxes / mo$394.42$394.42$394.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,397.16$6,015.64$4,728.51
Cash to close$625,281$65,000$65,000