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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$510,866$510,866$558,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$47,134$0
Funding fee$2,554$2,554$0
Note rate6.790%6.790%7.400%
Blended rate6.790%6.977%7.640%
1st payment$3,451.67$3,451.67$3,863.48
2nd payment$0.00$353.51$0.00
Taxes / mo$170.67$170.67$170.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$104.00$104.00$104.00
Total monthly$3,893.01$4,246.51$4,416.41
Cash to close$109,134$62,000$62,000