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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$1,681,286$1,681,286$1,975,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$294,214$0
Funding fee$8,406$8,406$0
Note rate5.25%5.25%7.18%
Blended rate5.25%5.622%7.42%
1st payment$9,918.43$9,918.43$13,382.73
2nd payment$0.00$1,900.13$0.00
Taxes / mo$790.17$790.17$790.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$395.10
HOA / mo$0.00$0.00$0.00
Total monthly$10,925.27$12,825.40$14,784.66
Cash to close$513,714$219,500$219,500