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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$581,744$581,744$837,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$255,256$0
Funding fee$2,909$2,909$0
Note rate2.97%2.97%7.18%
Blended rate2.97%4.428%7.42%
1st payment$2,787.52$2,787.52$5,670.13
2nd payment$0.00$1,648.53$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$167.40
HOA / mo$154.00$154.00$154.00
Total monthly$3,435.77$5,084.30$6,485.78
Cash to close$348,256$93,000$93,000