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$1,143,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$1,143,000$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate5.890%7.750%7.640%
1st payment$6,640.66$6,640.66$7,913.90
2nd payment$0.00$7,381.88$0.00
Taxes / mo$636.25$636.25$636.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$228.60
HOA / mo$400.00$400.00$400.00
Total monthly$7,893.58$15,275.45$9,395.42
Cash to close$1,270,000$127,000$127,000