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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$708,735$708,735$1,260,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$551,265$0
Funding fee$3,544$3,544$0
Note rate2.89%2.89%7.18%
Blended rate2.89%5.016%7.42%
1st payment$3,398.72$3,398.72$8,535.68
2nd payment$0.00$3,560.25$0.00
Taxes / mo$309.58$309.58$309.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$130.00$130.00$130.00
Total monthly$4,054.97$7,615.22$9,443.93
Cash to close$691,265$140,000$140,000