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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$598,394$598,394$782,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$183,706$0
Funding fee$2,992$2,992$0
Note rate3.11%3.11%7.18%
Blended rate3.11%4.259%7.42%
1st payment$2,853.20$2,853.20$5,298.22
2nd payment$0.00$1,224.71$0.00
Taxes / mo$320.33$320.33$320.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.42
HOA / mo$90.33$90.33$90.33
Total monthly$3,480.53$4,705.24$6,081.97
Cash to close$270,606$86,900$86,900