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$602,735$602,735$895,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$292,765$0
Funding fee$3,014$3,014$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.472%7.640%
1st payment$2,795.42$2,795.42$6,200.26
2nd payment$0.00$1,890.77$0.00
Taxes / mo$829.17$829.17$829.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,841.25$5,732.03$7,425.19
Cash to close$392,265$99,500$99,500