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$2,481,110$2,481,110$3,217,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$736,390$0
Funding fee$12,406$12,406$0
Note rate6.370%6.370%7.400%
Blended rate6.370%6.686%7.640%
1st payment$15,588.57$15,588.57$22,277.32
2nd payment$0.00$4,755.85$0.00
Taxes / mo$2,979.17$2,979.17$2,979.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$643.50
HOA / mo$0.00$0.00$0.00
Total monthly$18,784.41$23,540.26$26,116.65
Cash to close$1,093,890$357,500$357,500