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$679,020$679,020$765,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$85,980$0
Funding fee$3,395$3,395$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.683%7.640%
1st payment$3,209.21$3,209.21$5,296.71
2nd payment$0.00$644.85$0.00
Taxes / mo$337.83$337.83$337.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$100.00$100.00$100.00
Total monthly$3,863.71$4,508.55$6,104.21
Cash to close$170,980$85,000$85,000