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$204,693$204,693$1,480,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$1,275,807$0
Funding fee$1,023$1,023$0
Note rate3.510%3.510%7.400%
Blended rate3.510%7.164%7.640%
1st payment$1,353.31$1,353.31$10,250.68
2nd payment$0.00$8,239.59$0.00
Taxes / mo$545.67$545.67$545.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.10
HOA / mo$205.00$205.00$205.00
Total monthly$2,320.64$10,560.23$11,514.12
Cash to close$1,440,307$164,500$164,500