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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$2,469,270$2,469,270$4,770,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$2,300,730$0
Funding fee$12,346$12,346$0
Note rate2.66%2.66%7.18%
Blended rate2.66%5.115%7.42%
1st payment$11,495.42$11,495.42$32,313.64
2nd payment$0.00$14,858.88$0.00
Taxes / mo$694.25$694.25$694.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$954.00
HOA / mo$0.00$0.00$0.00
Total monthly$12,406.34$27,265.22$34,178.56
Cash to close$2,830,730$530,000$530,000