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$987,300
Remaining term (yrs)——30.0
Secondary amount$0$987,300$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$6,835.87
2nd payment$0.00$6,376.31$0.00
Taxes / mo$914.17$914.17$914.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,130.83$7,507.15$8,164.16
Cash to close$1,097,000$109,700$109,700