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$852,521$852,521$1,755,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$902,479$0
Funding fee$4,263$4,263$0
Note rate3.280%3.280%7.400%
Blended rate3.280%5.579%7.640%
1st payment$4,320.09$4,320.09$12,151.27
2nd payment$0.00$5,828.51$0.00
Taxes / mo$708.08$708.08$708.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$351.00
HOA / mo$555.00$555.00$555.00
Total monthly$5,799.84$11,628.36$13,982.02
Cash to close$1,097,479$195,000$195,000