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$421,469$421,469$1,885,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$1,464,031$0
Funding fee$2,107$2,107$0
Note rate3.090%3.090%7.400%
Blended rate3.090%6.708%7.640%
1st payment$2,045.79$2,045.79$13,054.82
2nd payment$0.00$9,455.20$0.00
Taxes / mo$715.42$715.42$715.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$377.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,977.88$12,433.07$14,364.00
Cash to close$1,673,531$209,500$209,500