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$214,305$214,305$1,259,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$1,045,694$0
Funding fee$1,072$1,072$0
Note rate2.940%2.940%7.400%
Blended rate2.940%6.932%7.640%
1st payment$1,025.94$1,025.94$8,723.98
2nd payment$0.00$6,753.44$0.00
Taxes / mo$276.42$276.42$276.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,519.02$8,272.47$9,469.06
Cash to close$1,185,694$140,000$140,000