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$527,037$527,037$719,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$192,873$0
Funding fee$2,635$2,635$0
Note rate3.920%3.920%7.400%
Blended rate3.920%5.013%7.640%
1st payment$2,726.84$2,726.84$4,984.51
2nd payment$0.00$1,285.82$0.00
Taxes / mo$526.92$526.92$526.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.98
HOA / mo$110.00$110.00$110.00
Total monthly$3,580.42$4,866.24$5,982.08
Cash to close$272,863$79,990$79,990