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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$793,195$793,195$1,012,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$219,305$0
Funding fee$3,966$3,966$0
Note rate3.12%3.12%7.18%
Blended rate3.12%4.123%7.42%
1st payment$3,769.88$3,769.88$6,859.03
2nd payment$0.00$1,416.34$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$146.00$146.00$146.00
Total monthly$4,424.71$5,841.06$7,716.36
Cash to close$331,805$112,500$112,500