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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$639,514$639,514$828,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$188,486$0
Funding fee$3,198$3,198$0
Note rate3.56%3.56%7.18%
Blended rate3.56%4.571%7.42%
1st payment$3,189.42$3,189.42$5,609.16
2nd payment$0.00$1,256.58$0.00
Taxes / mo$243.50$243.50$243.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$165.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,649.59$4,906.17$6,234.93
Cash to close$280,486$92,000$92,000