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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$607,292$607,292$989,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$381,808$0
Funding fee$3,036$3,036$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.76%7.42%
1st payment$2,829.23$2,829.23$6,700.51
2nd payment$0.00$2,465.85$0.00
Taxes / mo$246.75$246.75$246.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$175.00$175.00$175.00
Total monthly$3,467.65$5,933.49$7,536.74
Cash to close$491,708$109,900$109,900