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$300,910$300,910$1,125,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$824,090$0
Funding fee$1,505$1,505$0
Note rate2.710%2.710%7.400%
Blended rate2.710%6.402%7.640%
1st payment$1,408.49$1,408.49$7,789.27
2nd payment$0.00$5,322.25$0.00
Taxes / mo$518.50$518.50$518.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$33.00$33.00$33.00
Total monthly$2,176.65$7,498.90$8,782.44
Cash to close$949,090$125,000$125,000