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$810,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$810,000$0
Funding fee$0$0$0
Note rate5.26%5.26%7.24%
Blended rate5.26%7.75%7.48%
1st payment$742.06$742.06$5,520.13
2nd payment$0.00$5,231.25$0.00
Taxes / mo$473.83$473.83$473.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,432.56$6,663.81$6,372.63
Cash to close$900,000$90,000$90,000