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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$541,437$541,437$2,605,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$2,064,063$0
Funding fee$2,707$2,707$0
Note rate2.83%2.83%7.18%
Blended rate2.83%6.728%7.42%
1st payment$2,561.40$2,561.40$17,650.56
2nd payment$0.00$13,330.40$0.00
Taxes / mo$369.17$369.17$369.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$521.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,147.23$16,477.63$18,757.50
Cash to close$2,353,563$289,500$289,500