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$934,720$934,720$989,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$54,380$0
Funding fee$4,674$4,674$0
Note rate6.810%6.810%7.400%
Blended rate6.810%6.930%7.640%
1st payment$6,242.14$6,242.14$6,848.33
2nd payment$0.00$407.85$0.00
Taxes / mo$915.83$915.83$915.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$7,374.64$7,782.49$8,178.65
Cash to close$164,280$109,900$109,900