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$567,176$567,176$566,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,229$0
Funding fee$2,836$2,836$0
Note rate3.220%3.220%7.400%
Blended rate3.220%3.672%7.640%
1st payment$2,714.10$2,714.10$3,925.17
2nd payment$0.00$309.04$0.00
Taxes / mo$268.00$268.00$268.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$25.00$25.00$25.00
Total monthly$3,173.76$3,482.80$4,498.22
Cash to close$62,724$31,495$62,990