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$67,139$67,139$508,500
Remaining term (yrs)15.615.630.0
Secondary amount$0$441,361$0
Funding fee$336$336$0
Note rate3.56%3.56%7.24%
Blended rate3.56%7.197%7.48%
1st payment$466.44$466.44$3,465.42
2nd payment$0.00$2,850.46$0.00
Taxes / mo$471.42$471.42$471.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$33.33$33.33$33.33
Total monthly$1,137.85$3,988.31$4,238.53
Cash to close$497,861$56,500$56,500