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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$1,103,215$1,103,215$2,695,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,592,285$0
Funding fee$5,516$5,516$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.814%7.42%
1st payment$5,254.80$5,254.80$18,260.26
2nd payment$0.00$10,283.51$0.00
Taxes / mo$710.83$710.83$710.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$539.10
HOA / mo$0.00$0.00$0.00
Total monthly$6,182.30$16,465.81$19,726.86
Cash to close$1,891,785$299,500$299,500