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$18,312$18,312$776,700
Remaining term (yrs)25.525.530.0
Secondary amount$0$758,388$0
Funding fee$92$92$0
Note rate3.920%3.920%7.400%
Blended rate3.920%7.660%7.640%
1st payment$94.56$94.56$5,377.71
2nd payment$0.00$4,897.92$0.00
Taxes / mo$719.17$719.17$719.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$155.34
HOA / mo$719.00$719.00$719.00
Total monthly$1,749.40$6,647.32$7,187.89
Cash to close$844,688$86,300$86,300