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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$537,895$537,895$1,079,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$541,205$0
Funding fee$2,689$2,689$0
Note rate3.45%3.45%7.18%
Blended rate3.45%5.607%7.42%
1st payment$2,650.77$2,650.77$7,310.20
2nd payment$0.00$3,495.28$0.00
Taxes / mo$435.67$435.67$435.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,303.11$6,798.39$8,178.35
Cash to close$661,105$119,900$119,900