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$276,296$276,296$6,165,000
Remaining term (yrs)4.24.230.0
Secondary amount$0$5,888,704$0
Funding fee$1,381$1,381$0
Note rate6.100%6.100%7.400%
Blended rate6.100%7.676%7.640%
1st payment$6,059.95$6,059.95$42,685.21
2nd payment$0.00$38,031.22$0.00
Taxes / mo$5,708.33$5,708.33$5,708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$1,233.00
HOA / mo$1,440.00$1,440.00$1,440.00
Total monthly$13,424.95$51,456.16$51,283.21
Cash to close$6,573,704$685,000$685,000