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$500,802$500,802$607,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$106,698$0
Funding fee$2,504$2,504$0
Note rate2.960%2.960%7.400%
Blended rate2.960%3.845%7.640%
1st payment$2,375.18$2,375.18$4,206.21
2nd payment$0.00$711.32$0.00
Taxes / mo$468.25$468.25$468.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$75.00$75.00$75.00
Total monthly$3,085.09$3,796.41$5,037.62
Cash to close$174,198$67,500$67,500