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$668,715$668,715$720,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$51,285$0
Funding fee$3,344$3,344$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.511%7.640%
1st payment$3,181.49$3,181.49$4,985.13
2nd payment$0.00$384.63$0.00
Taxes / mo$356.36$356.36$356.36
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$20.83$20.83$20.83
Total monthly$3,775.34$4,159.98$5,722.99
Cash to close$131,285$80,000$80,000