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$746,709$746,709$889,200
Remaining term (yrs)25.025.030.0
Secondary amount$0$142,491$0
Funding fee$3,734$3,734$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.810%7.640%
1st payment$3,529.12$3,529.12$6,156.64
2nd payment$0.00$949.94$0.00
Taxes / mo$823.33$823.33$823.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$177.84
HOA / mo$55.00$55.00$55.00
Total monthly$4,624.12$5,574.06$7,429.48
Cash to close$241,291$98,800$98,800