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$1,261,161$1,261,161$1,890,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$628,839$0
Funding fee$6,306$6,306$0
Note rate6.22%6.22%7.18%
Blended rate6.22%6.729%7.42%
1st payment$7,816.96$7,816.96$12,803.52
2nd payment$0.00$4,061.25$0.00
Taxes / mo$903.83$903.83$903.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$378.00
HOA / mo$1,697.00$1,697.00$1,697.00
Total monthly$10,634.46$14,695.71$15,999.02
Cash to close$838,839$210,000$210,000