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$1,050,439$1,050,439$1,125,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$74,561$0
Funding fee$5,252$5,252$0
Note rate6.690%6.690%7.400%
Blended rate6.690%6.843%7.640%
1st payment$6,968.93$6,968.93$7,789.27
2nd payment$0.00$559.21$0.00
Taxes / mo$388.33$388.33$388.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$227.58$227.58$227.58
Total monthly$7,801.51$8,360.72$8,846.85
Cash to close$199,561$125,000$125,000