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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$720,818$720,818$1,057,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$336,682$0
Funding fee$3,604$3,604$0
Note rate3%3%7.18%
Blended rate3%4.512%7.42%
1st payment$3,457.15$3,457.15$7,163.87
2nd payment$0.00$2,174.40$0.00
Taxes / mo$313.92$313.92$313.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$211.50
HOA / mo$85.50$85.50$85.50
Total monthly$4,073.24$6,247.64$7,991.46
Cash to close$454,182$117,500$117,500