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$1,147,703$1,147,703$1,124,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,702$0
Funding fee$5,739$5,739$0
Note rate6.47%6.47%7.18%
Blended rate6.47%6.651%7.42%
1st payment$7,403.63$7,403.63$7,620.53
2nd payment$0.00$392.88$0.00
Taxes / mo$344.83$344.83$344.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.98
HOA / mo$0.00$0.00$0.00
Total monthly$7,965.13$8,358.01$8,407.01
Cash to close$102,197$62,495$124,990