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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$968,039$968,039$2,250,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$1,281,961$0
Funding fee$4,840$4,840$0
Note rate3.340%3.340%7.400%
Blended rate3.340%5.853%7.640%
1st payment$4,902.07$4,902.07$15,578.55
2nd payment$0.00$8,279.33$0.00
Taxes / mo$372.00$372.00$372.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$450.00
HOA / mo$195.83$195.83$195.83
Total monthly$5,686.57$13,965.91$16,813.04
Cash to close$1,531,961$250,000$250,000