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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$931,348$931,348$1,912,491
Remaining term (yrs)24.124.130.0
Secondary amount$0$981,143$0
Funding fee$4,657$4,657$0
Note rate2.83%2.83%7.18%
Blended rate2.83%5.354%7.42%
1st payment$4,426.99$4,426.99$12,955.88
2nd payment$0.00$6,336.55$0.00
Taxes / mo$509.42$509.42$509.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$382.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,153.07$11,489.62$14,064.46
Cash to close$1,193,642$212,499$212,499