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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$935,420$935,420$953,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$70,630$0
Funding fee$4,677$4,677$0
Note rate5.51%5.51%7.18%
Blended rate5.51%5.957%7.42%
1st payment$5,655.74$5,655.74$6,456.63
2nd payment$0.00$698.94$0.00
Taxes / mo$285.67$285.67$285.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$190.62
HOA / mo$157.00$157.00$157.00
Total monthly$6,315.08$7,014.02$7,306.58
Cash to close$123,580$52,950$105,900