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$513,717$513,717$539,999
Remaining term (yrs)28.628.630.0
Secondary amount$0$26,282$0
Funding fee$2,569$2,569$0
Note rate6.760%6.760%7.400%
Blended rate6.760%6.869%7.640%
1st payment$3,380.71$3,380.71$3,738.84
2nd payment$0.00$197.11$0.00
Taxes / mo$298.75$298.75$298.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$85.00$85.00$85.00
Total monthly$3,931.13$4,128.24$4,397.26
Cash to close$86,282$60,000$60,000