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$750,031$750,031$989,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$239,069$0
Funding fee$3,750$3,750$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.118%7.42%
1st payment$3,565.32$3,565.32$6,700.51
2nd payment$0.00$1,543.99$0.00
Taxes / mo$393.17$393.17$393.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,175.16$5,719.14$7,508.16
Cash to close$348,969$109,900$109,900