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$567,514$567,514$719,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$151,586$0
Funding fee$2,838$2,838$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.038%7.640%
1st payment$2,691.37$2,691.37$4,978.90
2nd payment$0.00$1,010.57$0.00
Taxes / mo$359.00$359.00$359.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$146.00$146.00$146.00
Total monthly$3,413.03$4,423.61$5,844.39
Cash to close$231,486$79,900$79,900