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$169,841$169,841$1,017,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$847,159$0
Funding fee$849$849$0
Note rate3.720%3.720%7.400%
Blended rate3.720%7.077%7.640%
1st payment$906.29$906.29$7,041.50
2nd payment$0.00$5,471.24$0.00
Taxes / mo$244.83$244.83$244.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$203.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,367.79$6,839.03$7,706.40
Cash to close$960,159$113,000$113,000