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$1,368,940$1,368,940$2,857,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,488,560$0
Funding fee$6,845$6,845$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.412%7.640%
1st payment$6,550.66$6,550.66$19,784.75
2nd payment$0.00$9,613.62$0.00
Taxes / mo$1,654.08$1,654.08$1,654.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$571.50
HOA / mo$67.00$67.00$67.00
Total monthly$8,488.41$18,102.03$22,294.00
Cash to close$1,806,060$317,500$317,500