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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$639,125$639,125$706,410
Remaining term (yrs)25.225.230.0
Secondary amount$0$67,285$0
Funding fee$3,196$3,196$0
Note rate3.22%3.22%7.18%
Blended rate3.22%3.771%7.42%
1st payment$3,077.85$3,077.85$4,785.47
2nd payment$0.00$504.64$0.00
Taxes / mo$357.42$357.42$357.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,651.94$4,156.58$5,500.83
Cash to close$145,775$78,490$78,490