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$957,842$957,842$1,192,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$234,658$0
Funding fee$4,789$4,789$0
Note rate3.750%3.750%7.400%
Blended rate3.750%4.537%7.640%
1st payment$4,847.46$4,847.46$8,256.63
2nd payment$0.00$1,515.50$0.00
Taxes / mo$678.08$678.08$678.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$238.50
HOA / mo$66.67$66.67$66.67
Total monthly$5,808.88$7,324.38$9,456.55
Cash to close$367,158$132,500$132,500