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$210,639$210,639$675,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$464,361$0
Funding fee$1,053$1,053$0
Note rate2.680%2.680%7.400%
Blended rate2.680%6.168%7.640%
1st payment$948.74$948.74$4,673.56
2nd payment$0.00$2,999.00$0.00
Taxes / mo$595.63$595.63$595.63
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,761.04$4,760.04$5,620.86
Cash to close$539,361$75,000$75,000