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$572,689$572,689$791,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$218,411$0
Funding fee$2,863$2,863$0
Note rate3.000%3.000%7.400%
Blended rate3.000%4.311%7.640%
1st payment$2,740.43$2,740.43$5,477.42
2nd payment$0.00$1,410.57$0.00
Taxes / mo$411.42$411.42$411.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.22
HOA / mo$150.00$150.00$150.00
Total monthly$3,518.51$4,929.08$6,413.72
Cash to close$306,311$87,900$87,900