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$1,138,950$1,138,950$1,250,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$111,960$0
Funding fee$5,695$5,695$0
Note rate3.510%3.510%7.400%
Blended rate3.510%3.912%7.640%
1st payment$5,626.73$5,626.73$8,661.05
2nd payment$0.00$746.40$0.00
Taxes / mo$597.50$597.50$597.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$250.18
HOA / mo$0.00$0.00$0.00
Total monthly$6,440.90$7,187.30$9,725.40
Cash to close$250,950$138,990$138,990