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$1,392,114$1,392,114$1,439,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$47,885$0
Funding fee$6,961$6,961$0
Note rate6.770%6.770%7.400%
Blended rate6.770%6.844%7.640%
1st payment$9,251.03$9,251.03$9,970.26
2nd payment$0.00$359.14$0.00
Taxes / mo$1,333.33$1,333.33$1,333.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$10,801.03$11,160.17$11,808.26
Cash to close$207,885$160,000$160,000