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$4,274,100
Remaining term (yrs)16.216.230.0
Secondary amount$0$4,274,100$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.750%7.640%
1st payment$0.00$0.00$29,593.01
2nd payment$0.00$27,603.56$0.00
Taxes / mo$1,116.17$1,116.17$1,116.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$854.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.83$28,936.40$31,780.66
Cash to close$4,749,000$474,900$474,900