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$590,411$590,411$891,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$300,589$0
Funding fee$2,952$2,952$0
Note rate3.340%3.340%7.400%
Blended rate3.340%4.828%7.640%
1st payment$2,989.79$2,989.79$6,169.10
2nd payment$0.00$1,941.31$0.00
Taxes / mo$452.33$452.33$452.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$178.20
HOA / mo$66.67$66.67$66.67
Total monthly$3,725.46$5,666.77$7,082.97
Cash to close$399,589$99,000$99,000