Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$0$0$1,709,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$1,709,100$0
Funding fee$0$0$0
Note rate5.820%5.820%7.400%
Blended rate5.820%7.750%7.640%
1st payment$59,217.16$59,217.16$11,833.46
2nd payment$0.00$11,037.94$0.00
Taxes / mo$620.30$620.30$620.30
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$341.82
HOA / mo$0.00$0.00$0.00
Total monthly$60,054.13$71,092.07$13,012.25
Cash to close$1,899,000$189,900$189,900