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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$842,617$842,617$1,134,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$291,383$0
Funding fee$4,213$4,213$0
Note rate4.98%4.98%7.18%
Blended rate4.98%5.692%7.42%
1st payment$4,844.12$4,844.12$7,682.11
2nd payment$0.00$1,881.85$0.00
Taxes / mo$219.33$219.33$219.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$226.80
HOA / mo$0.00$0.00$0.00
Total monthly$5,280.12$7,161.96$8,344.91
Cash to close$417,383$126,000$126,000