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$487,373$487,373$1,525,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$1,038,127$0
Funding fee$2,437$2,437$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.191%7.640%
1st payment$2,273.18$2,273.18$10,562.25
2nd payment$0.00$6,704.57$0.00
Taxes / mo$536.00$536.00$536.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$305.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,025.85$9,730.42$11,620.02
Cash to close$1,207,627$169,500$169,500