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$490,781$490,781$495,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$31,719$0
Funding fee$2,454$2,454$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.685%7.640%
1st payment$3,181.71$3,181.71$3,427.28
2nd payment$0.00$313.88$0.00
Taxes / mo$62.33$62.33$62.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,410.71$3,724.59$3,755.28
Cash to close$59,219$27,500$55,000