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$0$0$954,000
Remaining term (yrs)——30.0
Secondary amount$0$954,000$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$6,605.30
2nd payment$0.00$6,161.25$0.00
Taxes / mo$1,106.08$1,106.08$1,106.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$190.80
HOA / mo$179.00$179.00$179.00
Total monthly$1,501.75$7,663.00$8,297.85
Cash to close$1,060,000$106,000$106,000