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$1,070,689$1,070,689$1,125,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$54,311$0
Funding fee$5,353$5,353$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.193%7.640%
1st payment$5,993.67$5,993.67$7,789.27
2nd payment$0.00$407.33$0.00
Taxes / mo$786.25$786.25$786.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$49.33$49.33$49.33
Total monthly$7,045.91$7,453.25$9,066.52
Cash to close$179,311$125,000$125,000