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$566,166$566,166$2,699,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$2,132,934$0
Funding fee$2,831$2,831$0
Note rate2.710%2.710%7.400%
Blended rate2.710%6.693%7.640%
1st payment$2,650.09$2,650.09$18,688.02
2nd payment$0.00$13,775.20$0.00
Taxes / mo$965.92$965.92$965.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$539.82
HOA / mo$65.00$65.00$65.00
Total monthly$3,897.67$17,672.87$20,475.43
Cash to close$2,432,834$299,900$299,900