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$933,574$933,574$1,934,991
Remaining term (yrs)24.224.230.0
Secondary amount$0$1,001,417$0
Funding fee$4,668$4,668$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.376%7.640%
1st payment$4,426.99$4,426.99$13,397.49
2nd payment$0.00$6,467.49$0.00
Taxes / mo$509.42$509.42$509.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$387.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,153.07$11,620.56$14,510.57
Cash to close$1,216,416$214,999$214,999