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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$553,980$553,980$1,529,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$975,930$0
Funding fee$2,770$2,770$0
Note rate4.1%4.1%7.18%
Blended rate4.1%6.428%7.42%
1st payment$3,350.45$3,350.45$10,364.14
2nd payment$0.00$6,302.88$0.00
Taxes / mo$414.75$414.75$414.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$305.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,981.87$10,284.75$11,301.54
Cash to close$1,145,920$169,990$169,990