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$587,731$587,731$661,050
Remaining term (yrs)27.227.230.0
Secondary amount$0$73,319$0
Funding fee$2,939$2,939$0
Note rate7.790%7.790%7.400%
Blended rate7.790%7.924%7.640%
1st payment$4,334.38$4,334.38$4,576.98
2nd payment$0.00$549.89$0.00
Taxes / mo$612.08$612.08$612.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.21
HOA / mo$0.00$0.00$0.00
Total monthly$5,163.13$5,713.02$5,537.94
Cash to close$146,769$73,450$73,450