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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$1,314,390$1,314,390$2,610,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$1,295,610$0
Funding fee$6,572$6,572$0
Note rate6.47%6.47%7.18%
Blended rate6.47%7.105%7.42%
1st payment$8,611.16$8,611.16$17,681.05
2nd payment$0.00$8,367.48$0.00
Taxes / mo$1,019.42$1,019.42$1,019.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$522.00
HOA / mo$264.00$264.00$264.00
Total monthly$10,111.24$18,478.73$19,703.13
Cash to close$1,585,610$290,000$290,000