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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$451,503$451,503$1,507,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$1,055,997$0
Funding fee$2,258$2,258$0
Note rate6.27%6.27%7.18%
Blended rate6.27%7.307%7.42%
1st payment$2,813.08$2,813.08$10,212.33
2nd payment$0.00$6,819.98$0.00
Taxes / mo$323.92$323.92$323.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$301.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,353.66$10,173.64$11,054.41
Cash to close$1,223,497$167,500$167,500