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$916,945$916,945$895,499
Remaining term (yrs)28.428.430.0
Secondary amount$0$28,304$0
Funding fee$4,585$4,585$0
Note rate6.89%6.89%7.18%
Blended rate6.89%7.039%7.42%
1st payment$6,129.95$6,129.95$6,066.42
2nd payment$0.00$280.09$0.00
Taxes / mo$362.42$362.42$362.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.10
HOA / mo$200.00$200.00$200.00
Total monthly$6,909.03$7,189.12$7,024.61
Cash to close$78,054$49,750$99,500