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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$458,489$458,489$1,057,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$599,011$0
Funding fee$2,292$2,292$0
Note rate2.25%2.25%7.18%
Blended rate2.25%5.365%7.42%
1st payment$1,794.94$1,794.94$7,163.87
2nd payment$0.00$3,868.61$0.00
Taxes / mo$351.17$351.17$351.17
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$211.50
HOA / mo$13.75$13.75$13.75
Total monthly$2,159.86$6,028.47$7,740.29
Cash to close$716,511$117,500$117,500