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$583,088$583,088$837,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$253,912$0
Funding fee$2,915$2,915$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.420%7.640%
1st payment$2,787.52$2,787.52$5,795.22
2nd payment$0.00$1,639.85$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$167.40
HOA / mo$154.00$154.00$154.00
Total monthly$3,435.77$5,075.61$6,610.87
Cash to close$346,912$93,000$93,000