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$385,147$385,147$1,260,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$874,853$0
Funding fee$1,926$1,926$0
Note rate3.210%3.210%7.400%
Blended rate3.210%6.362%7.640%
1st payment$1,924.09$1,924.09$8,723.99
2nd payment$0.00$5,650.09$0.00
Taxes / mo$467.08$467.08$467.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$90.00$90.00$90.00
Total monthly$2,697.84$8,347.94$9,749.74
Cash to close$1,014,853$140,000$140,000