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$805,500
Remaining term (yrs)——30.0
Secondary amount$0$805,500$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$5,577.12
2nd payment$0.00$5,202.19$0.00
Taxes / mo$745.83$745.83$745.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$0.00$0.00$0.00
Total monthly$962.50$6,164.69$6,700.72
Cash to close$895,000$89,500$89,500