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$1,799,999
Remaining term (yrs)23.323.330.0
Secondary amount$0$1,799,999$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$12,462.83
2nd payment$0.00$11,624.99$0.00
Taxes / mo$741.92$741.92$741.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$360.00
HOA / mo$300.00$300.00$300.00
Total monthly$1,258.58$12,883.58$14,081.41
Cash to close$1,999,999$200,000$200,000