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$573,511$573,511$665,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$91,589$0
Funding fee$2,868$2,868$0
Note rate6.670%6.670%7.400%
Blended rate6.670%6.991%7.640%
1st payment$4,003.51$4,003.51$4,605.02
2nd payment$0.00$686.92$0.00
Taxes / mo$295.67$295.67$295.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.02
HOA / mo$3.08$3.08$3.08
Total monthly$4,518.92$5,205.84$5,253.45
Cash to close$165,489$73,900$73,900