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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$564,522$564,522$605,700
Remaining term (yrs)25.325.330.0
Secondary amount$0$41,178$0
Funding fee$2,823$2,823$0
Note rate2.9%2.9%7.18%
Blended rate2.9%3.315%7.42%
1st payment$2,618.21$2,618.21$4,103.22
2nd payment$0.00$308.84$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.14
HOA / mo$135.00$135.00$135.00
Total monthly$3,131.46$3,440.29$4,737.61
Cash to close$108,478$67,300$67,300