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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$612,625$612,625$1,255,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$642,875$0
Funding fee$3,063$3,063$0
Note rate2.79%2.79%7.18%
Blended rate2.79%5.33%7.42%
1st payment$2,885.62$2,885.62$8,505.19
2nd payment$0.00$4,151.90$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$541.67$541.67$541.67
Total monthly$4,063.88$8,215.78$9,934.55
Cash to close$782,375$139,500$139,500