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$376,719$376,719$1,161,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$784,281$0
Funding fee$1,884$1,884$0
Note rate2.250%2.250%7.400%
Blended rate2.250%5.965%7.640%
1st payment$1,698.51$1,698.51$8,038.53
2nd payment$0.00$5,065.15$0.00
Taxes / mo$467.08$467.08$467.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$232.20
HOA / mo$90.00$90.00$90.00
Total monthly$2,472.26$7,537.41$9,044.48
Cash to close$913,281$129,000$129,000