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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$582,330$582,330$819,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$236,670$0
Funding fee$2,912$2,912$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.387%7.42%
1st payment$2,805.41$2,805.41$5,548.19
2nd payment$0.00$1,528.49$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$163.80
HOA / mo$154.00$154.00$154.00
Total monthly$3,453.66$4,982.15$6,360.24
Cash to close$327,670$91,000$91,000