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$860,169$860,169$922,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$62,331$0
Funding fee$4,301$4,301$0
Note rate6.15%6.15%7.18%
Blended rate6.15%6.343%7.42%
1st payment$5,282.01$5,282.01$6,249.34
2nd payment$0.00$467.48$0.00
Taxes / mo$518.75$518.75$518.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$184.50
HOA / mo$166.33$166.33$166.33
Total monthly$6,183.75$6,651.23$7,335.58
Cash to close$164,831$102,500$102,500