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$792,428$792,428$809,999
Remaining term (yrs)25.825.830.0
Secondary amount$0$62,571$0
Funding fee$3,962$3,962$0
Note rate5.510%5.510%7.400%
Blended rate5.510%5.976%7.640%
1st payment$4,791.18$4,791.18$5,608.27
2nd payment$0.00$619.20$0.00
Taxes / mo$291.12$291.12$291.12
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$133.00$133.00$133.00
Total monthly$5,431.97$6,051.17$6,411.06
Cash to close$107,571$45,000$90,000