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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$1,020,391$1,020,391$1,552,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$532,109$0
Funding fee$5,102$5,102$0
Note rate6.35%6.35%7.18%
Blended rate6.35%6.83%7.42%
1st payment$6,615.14$6,615.14$10,517.18
2nd payment$0.00$3,436.53$0.00
Taxes / mo$521.33$521.33$521.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$310.50
HOA / mo$210.00$210.00$210.00
Total monthly$7,563.14$10,999.68$11,775.68
Cash to close$704,609$172,500$172,500