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$169,366$169,366$809,100
Remaining term (yrs)8.88.830.0
Secondary amount$0$639,734$0
Funding fee$847$847$0
Note rate2.510%2.510%7.400%
Blended rate2.510%6.653%7.640%
1st payment$1,768.24$1,768.24$5,602.04
2nd payment$0.00$4,131.61$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$140.00$140.00$140.00
Total monthly$2,874.07$7,005.69$6,869.70
Cash to close$729,634$89,900$89,900