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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$1,114,148$1,114,148$1,111,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$59,102$0
Funding fee$5,571$5,571$0
Note rate5.3%5.3%7.18%
Blended rate5.3%5.631%7.42%
1st payment$6,615.90$6,615.90$7,529.69
2nd payment$0.00$584.87$0.00
Taxes / mo$235.58$235.58$235.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$222.30
HOA / mo$0.00$0.00$0.00
Total monthly$7,068.15$7,653.02$8,204.24
Cash to close$120,852$61,750$123,500