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$651,357$651,357$1,102,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$451,143$0
Funding fee$3,257$3,257$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.743%7.640%
1st payment$3,024.96$3,024.96$7,633.49
2nd payment$0.00$2,913.63$0.00
Taxes / mo$311.00$311.00$311.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$220.50
HOA / mo$11.25$11.25$11.25
Total monthly$3,563.88$6,477.51$8,392.90
Cash to close$573,643$122,500$122,500