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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$1,406,996$1,406,996$1,731,600
Remaining term (yrs)28.928.930.0
Secondary amount$0$324,604$0
Funding fee$7,035$7,035$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.734%7.640%
1st payment$8,993.70$8,993.70$11,989.25
2nd payment$0.00$2,096.40$0.00
Taxes / mo$317.08$317.08$317.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$346.32
HOA / mo$120.00$120.00$120.00
Total monthly$9,647.45$11,743.85$12,989.32
Cash to close$517,004$192,400$192,400