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$611,989$611,989$944,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$332,111$0
Funding fee$3,060$3,060$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.593%7.640%
1st payment$3,011.78$3,011.78$6,536.76
2nd payment$0.00$2,144.88$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$188.82
HOA / mo$257.00$257.00$257.00
Total monthly$4,359.62$6,504.50$8,073.41
Cash to close$437,011$104,900$104,900