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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$754,748$754,748$1,665,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$910,252$0
Funding fee$3,774$3,774$0
Note rate2.93%2.93%7.18%
Blended rate2.93%5.565%7.42%
1st payment$3,643.54$3,643.54$11,279.29
2nd payment$0.00$5,878.71$0.00
Taxes / mo$494.50$494.50$494.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$333.00
HOA / mo$258.00$258.00$258.00
Total monthly$4,612.71$10,491.42$12,581.46
Cash to close$1,095,252$185,000$185,000