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$62,937$62,937$1,214,100
Remaining term (yrs)0.30.330.0
Secondary amount$0$1,151,163$0
Funding fee$315$315$0
Note rate2.400%2.400%7.400%
Blended rate2.400%7.473%7.640%
1st payment$12,663.10$12,663.10$8,406.18
2nd payment$0.00$7,434.59$0.00
Taxes / mo$244.33$244.33$244.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.82
HOA / mo$0.00$0.00$0.00
Total monthly$13,124.10$20,558.69$9,110.00
Cash to close$1,286,063$134,900$134,900