Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$1,355,039$1,355,039$1,485,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$129,961$0
Funding fee$6,775$6,775$0
Note rate5.990%5.990%7.400%
Blended rate5.990%6.166%7.640%
1st payment$12,523.25$12,523.25$10,281.84
2nd payment$0.00$866.40$0.00
Taxes / mo$398.25$398.25$398.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$13,138.17$14,004.57$11,193.76
Cash to close$294,961$165,000$165,000