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$555,967$555,967$765,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$209,033$0
Funding fee$2,780$2,780$0
Note rate6.650%6.650%7.400%
Blended rate6.650%6.951%7.640%
1st payment$3,902.28$3,902.28$5,296.71
2nd payment$0.00$1,350.00$0.00
Taxes / mo$228.83$228.83$228.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,347.78$5,697.78$5,895.21
Cash to close$294,033$85,000$85,000