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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$988,777$988,777$1,012,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$79,973$0
Funding fee$4,944$4,944$0
Note rate6.66%6.66%7.18%
Blended rate6.66%7.05%7.42%
1st payment$6,506.60$6,506.60$6,859.03
2nd payment$0.00$791.40$0.00
Taxes / mo$592.50$592.50$592.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$0.00$0.00$0.00
Total monthly$7,315.76$8,107.16$7,870.69
Cash to close$136,223$56,250$112,500