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$0$0$1,521,000
Remaining term (yrs)——30.0
Secondary amount$0$1,521,000$0
Funding fee$0$0$0
Note rate2.500%2.500%7.400%
Blended rate2.500%7.750%7.640%
1st payment$0.00$0.00$10,531.10
2nd payment$0.00$9,823.13$0.00
Taxes / mo$568.83$568.83$568.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$304.20
HOA / mo$257.00$257.00$257.00
Total monthly$1,042.50$10,865.63$11,877.80
Cash to close$1,690,000$169,000$169,000