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$520,627$520,627$809,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$289,283$0
Funding fee$2,603$2,603$0
Note rate3.270%3.270%7.400%
Blended rate3.270%4.870%7.640%
1st payment$2,611.27$2,611.27$5,607.65
2nd payment$0.00$1,868.29$0.00
Taxes / mo$262.25$262.25$262.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$38.92$38.92$38.92
Total monthly$3,129.11$4,997.39$6,287.47
Cash to close$379,273$89,990$89,990