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$942,174$942,174$1,057,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$115,326$0
Funding fee$4,711$4,711$0
Note rate5.270%5.270%7.400%
Blended rate5.270%5.568%7.640%
1st payment$5,577.87$5,577.87$7,321.92
2nd payment$0.00$768.84$0.00
Taxes / mo$561.98$561.98$561.98
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$211.50
HOA / mo$66.67$66.67$66.67
Total monthly$6,423.19$7,192.03$8,378.74
Cash to close$232,826$117,500$117,500