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$725,799$725,799$1,012,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$286,701$0
Funding fee$3,629$3,629$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.424%7.640%
1st payment$3,453.19$3,453.19$7,010.35
2nd payment$0.00$1,851.61$0.00
Taxes / mo$902.50$902.50$902.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$153.00$153.00$153.00
Total monthly$4,725.36$6,576.97$8,485.01
Cash to close$399,201$112,500$112,500