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$809,100
Remaining term (yrs)——30.0
Secondary amount$0$809,100$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$5,602.04
2nd payment$0.00$5,225.44$0.00
Taxes / mo$753.08$753.08$753.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$171.00$171.00$171.00
Total monthly$1,140.75$6,366.19$6,904.61
Cash to close$899,000$89,900$89,900