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$294,223$294,223$1,525,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$1,231,277$0
Funding fee$1,471$1,471$0
Note rate3.450%3.450%7.400%
Blended rate3.450%6.921%7.640%
1st payment$1,517.28$1,517.28$10,562.25
2nd payment$0.00$7,952.00$0.00
Taxes / mo$982.42$982.42$982.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$305.10
HOA / mo$226.67$226.67$226.67
Total monthly$2,943.03$10,895.03$12,293.11
Cash to close$1,400,777$169,500$169,500