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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$430,050$430,050$1,570,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$1,140,450$0
Funding fee$2,150$2,150$0
Note rate3.26%3.26%7.18%
Blended rate3.26%6.521%7.42%
1st payment$2,169.69$2,169.69$10,639.11
2nd payment$0.00$7,365.40$0.00
Taxes / mo$174.75$174.75$174.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$314.10
HOA / mo$78.33$78.33$78.33
Total monthly$2,639.43$10,004.84$11,422.96
Cash to close$1,314,950$174,500$174,500