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$66,669$66,669$2,250,000
Remaining term (yrs)9.39.330.0
Secondary amount$0$2,183,331$0
Funding fee$333$333$0
Note rate2.260%2.260%7.400%
Blended rate2.260%7.587%7.640%
1st payment$655.55$655.55$15,578.55
2nd payment$0.00$14,100.68$0.00
Taxes / mo$2,083.33$2,083.33$2,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$450.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,955.55$17,056.23$18,328.55
Cash to close$2,433,331$250,000$250,000