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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$566,232$566,232$719,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$152,868$0
Funding fee$2,831$2,831$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.047%7.42%
1st payment$2,691.37$2,691.37$4,871.43
2nd payment$0.00$1,019.12$0.00
Taxes / mo$359.00$359.00$359.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$146.00$146.00$146.00
Total monthly$3,413.03$4,432.15$5,736.92
Cash to close$232,768$79,900$79,900