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$615,092$615,092$719,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$104,907$0
Funding fee$3,075$3,075$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.609%7.640%
1st payment$2,865.71$2,865.71$4,985.13
2nd payment$0.00$699.38$0.00
Taxes / mo$362.21$362.21$362.21
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,444.59$4,143.97$5,708.01
Cash to close$184,907$80,000$80,000