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$998,361$998,361$2,335,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$1,337,139$0
Funding fee$4,992$4,992$0
Note rate3.410%3.410%7.400%
Blended rate3.410%5.895%7.640%
1st payment$5,744.03$5,744.03$16,170.53
2nd payment$0.00$8,635.69$0.00
Taxes / mo$2,162.50$2,162.50$2,162.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$467.10
HOA / mo$0.00$0.00$0.00
Total monthly$8,123.19$16,758.88$19,016.80
Cash to close$1,596,639$259,500$259,500