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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$420,509$420,509$1,885,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$1,464,991$0
Funding fee$2,103$2,103$0
Note rate3.09%3.09%7.18%
Blended rate3.09%6.711%7.42%
1st payment$2,045.79$2,045.79$12,773.03
2nd payment$0.00$9,461.40$0.00
Taxes / mo$715.42$715.42$715.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$377.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,977.88$12,439.28$14,082.22
Cash to close$1,674,491$209,500$209,500