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$0$0$1,615,500
Remaining term (yrs)——30.0
Secondary amount$0$1,615,500$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate3.500%7.750%7.560%
1st payment$0.00$0.00$11,097.36
2nd payment$0.00$10,433.44$0.00
Taxes / mo$1,113.33$1,113.33$1,113.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,330.00$11,763.44$12,750.46
Cash to close$1,795,000$179,500$179,500