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$565,066$565,066$787,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$222,434$0
Funding fee$2,825$2,825$0
Note rate5.540%5.540%7.400%
Blended rate5.540%6.164%7.640%
1st payment$3,421.81$3,421.81$5,452.49
2nd payment$0.00$1,436.56$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,754.22$5,190.78$5,942.41
Cash to close$309,934$87,500$87,500