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$509,557$509,557$1,687,500
Remaining term (yrs)19.019.030.0
Secondary amount$0$1,177,943$0
Funding fee$2,548$2,548$0
Note rate2.860%2.860%7.400%
Blended rate2.860%6.273%7.640%
1st payment$2,880.46$2,880.46$11,683.91
2nd payment$0.00$7,607.55$0.00
Taxes / mo$678.42$678.42$678.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$337.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,775.55$11,383.09$12,916.49
Cash to close$1,365,443$187,500$187,500