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$763,301$763,301$1,439,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$675,799$0
Funding fee$3,817$3,817$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.119%7.640%
1st payment$3,528.71$3,528.71$9,964.04
2nd payment$0.00$4,364.54$0.00
Taxes / mo$977.59$977.59$977.59
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$287.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,722.97$9,087.50$11,446.11
Cash to close$835,699$159,900$159,900