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$226,852$226,852$891,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$664,148$0
Funding fee$1,134$1,134$0
Note rate2.720%2.720%7.400%
Blended rate2.720%6.469%7.640%
1st payment$1,254.32$1,254.32$6,169.10
2nd payment$0.00$4,289.29$0.00
Taxes / mo$323.67$323.67$323.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$178.20
HOA / mo$100.00$100.00$100.00
Total monthly$1,894.65$6,183.94$6,987.64
Cash to close$763,148$99,000$99,000