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$544,956$544,956$1,439,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$894,144$0
Funding fee$2,725$2,725$0
Note rate3.780%3.780%7.400%
Blended rate3.780%6.247%7.640%
1st payment$2,938.57$2,938.57$9,964.04
2nd payment$0.00$5,774.68$0.00
Taxes / mo$727.92$727.92$727.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$287.82
HOA / mo$2.50$2.50$2.50
Total monthly$3,885.65$9,660.33$11,198.94
Cash to close$1,054,044$159,900$159,900