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$1,233,936$1,233,936$1,615,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$381,564$0
Funding fee$6,170$6,170$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.282%7.640%
1st payment$5,910.64$5,910.64$11,185.40
2nd payment$0.00$2,464.27$0.00
Taxes / mo$279.83$279.83$279.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$42.00$42.00$42.00
Total monthly$6,449.14$8,913.41$12,047.00
Cash to close$561,064$179,500$179,500