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$1,351,003$1,351,003$2,070,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$718,997$0
Funding fee$6,755$6,755$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.637%7.640%
1st payment$6,349.94$6,349.94$14,332.26
2nd payment$0.00$4,643.52$0.00
Taxes / mo$705.37$705.37$705.37
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$414.00
HOA / mo$47.92$47.92$47.92
Total monthly$7,319.91$11,963.43$15,716.22
Cash to close$948,997$230,000$230,000