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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$1,081,464$1,081,464$1,107,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$25,536$0
Funding fee$5,407$5,407$0
Note rate5.7%5.7%7.18%
Blended rate5.7%5.776%7.42%
1st payment$6,608.23$6,608.23$7,499.20
2nd payment$0.00$191.52$0.00
Taxes / mo$606.50$606.50$606.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$221.40
HOA / mo$165.00$165.00$165.00
Total monthly$7,596.40$7,787.92$8,708.77
Cash to close$148,536$123,000$123,000