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$565,245$565,245$718,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$153,754$0
Funding fee$2,826$2,826$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.920%7.640%
1st payment$2,693.96$2,693.96$4,978.21
2nd payment$0.00$1,025.03$0.00
Taxes / mo$665.74$665.74$665.74
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.80
HOA / mo$725.00$725.00$725.00
Total monthly$4,301.36$5,326.39$6,729.41
Cash to close$233,643$79,889$79,889