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$1,144,056$1,144,056$1,611,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$466,944$0
Funding fee$5,720$5,720$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.455%7.640%
1st payment$5,443.16$5,443.16$11,154.24
2nd payment$0.00$3,015.68$0.00
Taxes / mo$444.00$444.00$444.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$322.20
HOA / mo$30.00$30.00$30.00
Total monthly$6,133.83$9,149.51$12,167.11
Cash to close$645,944$179,000$179,000