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$612,161$612,161$899,730
Remaining term (yrs)24.824.830.0
Secondary amount$0$287,569$0
Funding fee$3,061$3,061$0
Note rate2.77%2.77%7.18%
Blended rate2.77%4.362%7.42%
1st payment$2,836.80$2,836.80$6,095.08
2nd payment$0.00$1,857.22$0.00
Taxes / mo$329.33$329.33$329.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.95
HOA / mo$0.00$0.00$0.00
Total monthly$3,382.80$5,240.02$6,821.03
Cash to close$387,539$99,970$99,970