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$230,458$230,458$1,417,410
Remaining term (yrs)18.718.730.0
Secondary amount$0$1,186,952$0
Funding fee$1,152$1,152$0
Note rate3.800%3.800%7.400%
Blended rate3.800%7.108%7.640%
1st payment$1,429.32$1,429.32$9,813.86
2nd payment$0.00$7,665.73$0.00
Taxes / mo$302.25$302.25$302.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$283.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,948.24$9,613.97$10,616.26
Cash to close$1,344,442$157,490$157,490