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$591,865$591,865$584,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$25,540$0
Funding fee$2,959$2,959$0
Note rate7.170%7.170%7.400%
Blended rate7.170%7.365%7.640%
1st payment$4,108.26$4,108.26$4,049.80
2nd payment$0.00$252.74$0.00
Taxes / mo$610.92$610.92$610.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,885.85$5,138.59$4,944.36
Cash to close$58,035$32,495$64,990