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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$603,381$603,381$764,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$161,529$0
Funding fee$3,017$3,017$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.135%7.42%
1st payment$2,873.82$2,873.82$5,181.77
2nd payment$0.00$1,076.86$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.98
HOA / mo$173.00$173.00$173.00
Total monthly$3,586.74$4,663.60$6,047.67
Cash to close$246,519$84,990$84,990