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$732,081$732,081$877,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$145,329$0
Funding fee$3,660$3,660$0
Note rate3.750%3.750%7.400%
Blended rate3.750%4.454%7.640%
1st payment$3,704.92$3,704.92$6,075.01
2nd payment$0.00$968.86$0.00
Taxes / mo$505.00$505.00$505.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.48
HOA / mo$209.00$209.00$209.00
Total monthly$4,635.59$5,604.45$7,181.16
Cash to close$242,819$97,490$97,490