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$1,063,406$1,063,406$1,439,550
Remaining term (yrs)26.526.530.0
Secondary amount$0$376,144$0
Funding fee$5,317$5,317$0
Note rate5.840%5.840%7.400%
Blended rate5.840%6.339%7.640%
1st payment$6,563.36$6,563.36$9,967.15
2nd payment$0.00$2,429.26$0.00
Taxes / mo$930.25$930.25$930.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$287.91
HOA / mo$0.00$0.00$0.00
Total monthly$7,710.28$10,139.54$11,401.98
Cash to close$536,094$159,950$159,950