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$566,347$566,347$696,600
Remaining term (yrs)25.525.530.0
Secondary amount$0$130,253$0
Funding fee$2,832$2,832$0
Note rate3.760%3.760%7.400%
Blended rate3.760%4.553%7.640%
1st payment$2,874.84$2,874.84$4,823.12
2nd payment$0.00$868.35$0.00
Taxes / mo$537.83$537.83$537.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,629.34$4,497.69$5,716.94
Cash to close$207,653$77,400$77,400