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$1,801,285$1,801,285$1,935,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$133,715$0
Funding fee$9,006$9,006$0
Note rate3.750%3.750%7.400%
Blended rate3.750%4.044%7.640%
1st payment$9,115.97$9,115.97$13,397.55
2nd payment$0.00$891.44$0.00
Taxes / mo$1,791.67$1,791.67$1,791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$387.00
HOA / mo$0.00$0.00$0.00
Total monthly$11,124.30$12,015.74$15,792.88
Cash to close$348,715$215,000$215,000