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$529,241$529,241$1,169,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$640,669$0
Funding fee$2,646$2,646$0
Note rate3.270%3.270%7.400%
Blended rate3.270%5.723%7.640%
1st payment$2,654.48$2,654.48$8,100.22
2nd payment$0.00$4,137.65$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.98
HOA / mo$95.00$95.00$95.00
Total monthly$3,374.39$7,512.05$9,054.12
Cash to close$770,659$129,990$129,990