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$533,573$533,573$629,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$96,337$0
Funding fee$2,668$2,668$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.866%7.640%
1st payment$3,154.13$3,154.13$4,361.37
2nd payment$0.00$722.53$0.00
Taxes / mo$583.25$583.25$583.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$809.00$809.00$809.00
Total monthly$4,713.05$5,435.57$6,046.27
Cash to close$166,327$69,990$69,990