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$660,124$660,124$1,545,750
Remaining term (yrs)24.624.630.0
Secondary amount$0$885,626$0
Funding fee$3,301$3,301$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.649%7.640%
1st payment$3,093.68$3,093.68$10,702.46
2nd payment$0.00$5,719.67$0.00
Taxes / mo$304.25$304.25$304.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$309.15
HOA / mo$77.25$77.25$77.25
Total monthly$3,691.85$9,411.52$11,609.78
Cash to close$1,057,376$171,750$171,750