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$1,260,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$1,260,000$0
Funding fee$0$0$0
Note rate4.520%4.520%7.320%
Blended rate4.520%7.750%7.560%
1st payment$6,528.24$6,528.24$8,655.33
2nd payment$0.00$8,137.50$0.00
Taxes / mo$1,166.67$1,166.67$1,166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,911.57$16,049.07$10,290.66
Cash to close$1,400,000$140,000$140,000