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$895,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$895,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.750%7.640%
1st payment$0.00$0.00$6,200.26
2nd payment$0.00$5,783.44$0.00
Taxes / mo$829.17$829.17$829.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,045.83$6,829.27$7,425.19
Cash to close$995,000$99,500$99,500