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$639,125$639,125$791,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$152,785$0
Funding fee$3,196$3,196$0
Note rate3.22%3.22%7.18%
Blended rate3.22%4.142%7.42%
1st payment$3,077.85$3,077.85$5,364.67
2nd payment$0.00$1,018.57$0.00
Taxes / mo$357.42$357.42$357.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,651.94$4,670.50$6,097.14
Cash to close$240,775$87,990$87,990