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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$369,111$369,111$1,080,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$710,889$0
Funding fee$1,846$1,846$0
Note rate2.71%2.71%7.18%
Blended rate2.71%6.027%7.42%
1st payment$1,727.72$1,727.72$7,316.30
2nd payment$0.00$4,591.16$0.00
Taxes / mo$323.92$323.92$323.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$110.00$110.00$110.00
Total monthly$2,378.31$6,969.46$8,182.88
Cash to close$830,889$120,000$120,000