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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$203,938$203,938$1,480,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$1,276,562$0
Funding fee$1,020$1,020$0
Note rate3.51%3.51%7.18%
Blended rate3.51%7.166%7.42%
1st payment$1,353.31$1,353.31$10,029.42
2nd payment$0.00$8,244.46$0.00
Taxes / mo$545.67$545.67$545.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.10
HOA / mo$205.00$205.00$205.00
Total monthly$2,320.64$10,565.10$11,292.86
Cash to close$1,441,062$164,500$164,500