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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$207,955$207,955$1,169,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$961,145$0
Funding fee$1,040$1,040$0
Note rate3.9%3.9%7.18%
Blended rate3.9%7.065%7.42%
1st payment$1,485.75$1,485.75$7,919.89
2nd payment$0.00$6,207.40$0.00
Taxes / mo$377.58$377.58$377.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$30.00$30.00$30.00
Total monthly$2,110.00$8,317.40$8,777.96
Cash to close$1,091,045$129,900$129,900