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$1,977,645$1,977,645$2,610,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$632,355$0
Funding fee$9,888$9,888$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.803%7.640%
1st payment$12,641.36$12,641.36$18,071.11
2nd payment$0.00$4,083.96$0.00
Taxes / mo$2,416.67$2,416.67$2,416.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$522.00
HOA / mo$0.00$0.00$0.00
Total monthly$15,274.69$19,358.65$21,226.45
Cash to close$922,355$290,000$290,000