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$144,425$144,425$945,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$800,575$0
Funding fee$722$722$0
Note rate3.43%3.43%7.18%
Blended rate3.43%7.09%7.42%
1st payment$832.42$832.42$6,401.76
2nd payment$0.00$5,170.38$0.00
Taxes / mo$256.75$256.75$256.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.84$6,476.22$7,064.18
Cash to close$905,575$105,000$105,000