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$558,770$558,770$584,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,140$0
Funding fee$2,794$2,794$0
Note rate5.810%5.810%7.400%
Blended rate5.810%5.953%7.640%
1st payment$3,480.29$3,480.29$4,049.80
2nd payment$0.00$196.05$0.00
Taxes / mo$529.83$529.83$529.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$276.00$276.00$276.00
Total monthly$4,452.79$4,648.84$5,139.28
Cash to close$91,130$64,990$64,990