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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$279,423$279,423$990,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$710,577$0
Funding fee$1,397$1,397$0
Note rate3.48%3.48%7.18%
Blended rate3.48%6.545%7.42%
1st payment$1,631.86$1,631.86$6,706.60
2nd payment$0.00$4,589.14$0.00
Taxes / mo$320.75$320.75$320.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,169.28$6,758.42$7,442.02
Cash to close$820,577$110,000$110,000