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$926,929$926,929$945,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$70,571$0
Funding fee$4,635$4,635$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.570%7.640%
1st payment$5,363.70$5,363.70$6,542.99
2nd payment$0.00$698.35$0.00
Taxes / mo$1,225.51$1,225.51$1,225.51
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$452.00$452.00$452.00
Total monthly$7,257.88$7,956.23$8,626.17
Cash to close$123,071$52,500$105,000