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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$331,427$331,427$1,615,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,284,073$0
Funding fee$1,657$1,657$0
Note rate2.89%2.89%7.18%
Blended rate2.89%6.753%7.42%
1st payment$1,593.15$1,593.15$10,943.96
2nd payment$0.00$8,292.97$0.00
Taxes / mo$549.83$549.83$549.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,359.65$10,652.62$12,033.56
Cash to close$1,463,573$179,500$179,500