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$528,598$528,598$603,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$74,402$0
Funding fee$2,643$2,643$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.653%7.640%
1st payment$2,451.59$2,451.59$4,175.05
2nd payment$0.00$558.02$0.00
Taxes / mo$330.00$330.00$330.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$78.00$78.00$78.00
Total monthly$3,026.26$3,584.28$4,870.32
Cash to close$141,402$67,000$67,000