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$387,368$387,368$1,485,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$1,097,632$0
Funding fee$1,937$1,937$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.468%7.640%
1st payment$2,573.16$2,573.16$10,281.84
2nd payment$0.00$7,088.88$0.00
Taxes / mo$799.08$799.08$799.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,588.91$10,677.78$11,594.59
Cash to close$1,262,632$165,000$165,000