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$436,477$436,477$2,065,500
Remaining term (yrs)16.816.830.0
Secondary amount$0$1,629,023$0
Funding fee$2,182$2,182$0
Note rate2.9%2.9%7.11%
Blended rate2.9%6.725%7.35%
1st payment$2,723.04$2,723.04$13,894.75
2nd payment$0.00$10,520.77$0.00
Taxes / mo$1,712.50$1,712.50$1,712.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$413.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,652.21$15,172.98$16,237.02
Cash to close$1,858,523$229,500$229,500