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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$584,183$584,183$719,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$134,917$0
Funding fee$2,921$2,921$0
Note rate2.76%2.76%7.18%
Blended rate2.76%3.743%7.42%
1st payment$2,697.89$2,697.89$4,871.43
2nd payment$0.00$899.45$0.00
Taxes / mo$275.33$275.33$275.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$14.58$14.58$14.58
Total monthly$3,204.47$4,103.92$5,521.83
Cash to close$214,817$79,900$79,900