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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$511,914$511,914$1,125,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$613,086$0
Funding fee$2,560$2,560$0
Note rate2.770%2.770%7.240%
Blended rate2.770%5.484%7.480%
1st payment$2,406.02$2,406.02$7,666.85
2nd payment$0.00$3,959.51$0.00
Taxes / mo$261.42$261.42$261.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$42.00$42.00$42.00
Total monthly$2,926.10$6,885.62$8,411.94
Cash to close$738,086$125,000$125,000