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$85,779$85,779$945,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$859,221$0
Funding fee$429$429$0
Note rate3.890%3.890%7.400%
Blended rate3.890%7.400%7.640%
1st payment$612.42$612.42$6,542.99
2nd payment$0.00$5,549.14$0.00
Taxes / mo$875.00$875.00$875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$23.00$23.00$23.00
Total monthly$1,727.09$7,276.23$7,846.66
Cash to close$964,221$105,000$105,000