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$698,074$698,074$710,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$51,476$0
Funding fee$3,490$3,490$0
Note rate3.625%3.625%7.400%
Blended rate3.625%4.192%7.640%
1st payment$3,499.05$3,499.05$4,916.59
2nd payment$0.00$509.40$0.00
Taxes / mo$657.50$657.50$657.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,373.22$4,882.62$5,932.78
Cash to close$90,926$39,450$78,900