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$1,197,865$1,197,865$1,507,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$309,635$0
Funding fee$5,989$5,989$0
Note rate7.170%7.170%7.400%
Blended rate7.170%7.289%7.640%
1st payment$8,298.75$8,298.75$10,437.63
2nd payment$0.00$1,999.73$0.00
Taxes / mo$1,333.67$1,333.67$1,333.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$301.50
HOA / mo$0.00$0.00$0.00
Total monthly$9,849.08$11,848.81$12,289.46
Cash to close$477,135$167,500$167,500