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$1,105,687$1,105,687$2,695,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$1,589,813$0
Funding fee$5,528$5,528$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.810%7.640%
1st payment$5,254.80$5,254.80$18,663.10
2nd payment$0.00$10,267.54$0.00
Taxes / mo$710.83$710.83$710.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$539.10
HOA / mo$0.00$0.00$0.00
Total monthly$6,182.30$16,449.84$20,129.70
Cash to close$1,889,313$299,500$299,500