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$0$0$922,455
Remaining term (yrs)——30.0
Secondary amount$0$922,455$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.000%7.750%7.560%
1st payment$0.00$0.00$6,336.63
2nd payment$0.00$5,957.52$0.00
Taxes / mo$854.13$854.13$854.13
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$184.49
HOA / mo$0.00$0.00$0.00
Total monthly$1,070.79$7,028.31$7,591.91
Cash to close$1,024,950$102,495$102,495