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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$281,801$281,801$1,011,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$729,799$0
Funding fee$1,409$1,409$0
Note rate2.24%2.24%7.18%
Blended rate2.24%6.215%7.42%
1st payment$1,246.33$1,246.33$6,852.93
2nd payment$0.00$4,713.28$0.00
Taxes / mo$502.42$502.42$502.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.32
HOA / mo$208.67$208.67$208.67
Total monthly$2,174.08$6,887.37$7,983.00
Cash to close$842,199$112,400$112,400