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$321,224$321,224$1,255,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$934,276$0
Funding fee$1,606$1,606$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.501%7.640%
1st payment$1,494.85$1,494.85$8,692.83
2nd payment$0.00$6,033.87$0.00
Taxes / mo$487.25$487.25$487.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$150.00$150.00$150.00
Total monthly$2,348.77$8,382.63$9,797.85
Cash to close$1,073,776$139,500$139,500