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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$514,937$514,937$598,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$83,563$0
Funding fee$2,575$2,575$0
Note rate6.860%6.860%7.400%
Blended rate6.860%7.159%7.640%
1st payment$3,455.62$3,455.62$4,143.89
2nd payment$0.00$626.73$0.00
Taxes / mo$247.58$247.58$247.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$43.33$43.33$43.33
Total monthly$3,913.20$4,539.93$4,721.17
Cash to close$150,063$66,500$66,500