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$551,068$551,068$2,425,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,874,432$0
Funding fee$2,755$2,755$0
Note rate3.030%3.030%7.400%
Blended rate3.030%6.678%7.640%
1st payment$2,695.05$2,695.05$16,793.67
2nd payment$0.00$12,105.70$0.00
Taxes / mo$125.75$125.75$125.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$485.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,037.47$15,143.18$17,621.19
Cash to close$2,143,932$269,500$269,500