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$7,897,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$7,897,500$0
Funding fee$0$0$0
Note rate7.460%7.460%7.320%
Blended rate7.460%7.750%7.560%
1st payment$115,103.46$115,103.46$54,250.35
2nd payment$0.00$51,004.69$0.00
Taxes / mo$1,906.42$1,906.42$1,906.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$1,579.50
HOA / mo$81.08$81.08$81.08
Total monthly$117,307.62$168,312.31$58,034.01
Cash to close$8,775,000$877,500$877,500