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$530,192$530,192$1,710,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,179,808$0
Funding fee$2,651$2,651$0
Note rate2.990%2.990%7.400%
Blended rate2.990%6.274%7.640%
1st payment$2,517.13$2,517.13$11,839.69
2nd payment$0.00$7,619.59$0.00
Taxes / mo$1,583.33$1,583.33$1,583.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$342.00
HOA / mo$51.42$51.42$51.42
Total monthly$4,368.55$11,988.14$14,033.11
Cash to close$1,369,808$190,000$190,000