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$715,186$715,186$1,485,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$769,814$0
Funding fee$3,576$3,576$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.795%7.640%
1st payment$3,822.03$3,822.03$10,281.84
2nd payment$0.00$4,971.72$0.00
Taxes / mo$772.50$772.50$772.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,811.19$9,782.91$11,568.01
Cash to close$934,814$165,000$165,000