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$732,052$732,052$1,007,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$275,858$0
Funding fee$3,660$3,660$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.133%7.640%
1st payment$3,376.74$3,376.74$6,978.57
2nd payment$0.00$1,781.58$0.00
Taxes / mo$933.25$933.25$933.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$201.58
HOA / mo$0.00$0.00$0.00
Total monthly$4,526.65$6,308.24$8,330.06
Cash to close$387,848$111,990$111,990