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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$1,110,702$1,110,702$1,975,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$864,798$0
Funding fee$5,554$5,554$0
Note rate6.84%6.84%7.18%
Blended rate6.84%7.238%7.42%
1st payment$7,409.98$7,409.98$13,382.73
2nd payment$0.00$5,585.15$0.00
Taxes / mo$600.58$600.58$600.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$395.10
HOA / mo$44.92$44.92$44.92
Total monthly$8,272.15$13,857.30$14,640.00
Cash to close$1,084,298$219,500$219,500