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$813,342$813,342$1,548,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$734,658$0
Funding fee$4,067$4,067$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.223%7.640%
1st payment$3,849.05$3,849.05$10,718.04
2nd payment$0.00$4,744.67$0.00
Taxes / mo$287.75$287.75$287.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$309.60
HOA / mo$3.33$3.33$3.33
Total monthly$4,356.80$9,101.47$11,535.39
Cash to close$906,658$172,000$172,000