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$1,099,104$1,099,104$1,971,000
Remaining term (yrs)29.929.930.0
Secondary amount$0$871,896$0
Funding fee$5,496$5,496$0
Note rate7.030%7.030%7.400%
Blended rate7.030%7.349%7.640%
1st payment$7,340.50$7,340.50$13,646.81
2nd payment$0.00$5,631.00$0.00
Taxes / mo$1,825.00$1,825.00$1,825.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$394.20
HOA / mo$0.00$0.00$0.00
Total monthly$9,382.17$15,013.17$16,082.67
Cash to close$1,090,896$219,000$219,000