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$703,584$703,584$823,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$119,916$0
Funding fee$3,518$3,518$0
Note rate5.510%5.510%7.400%
Blended rate5.510%5.873%7.640%
1st payment$4,254.02$4,254.02$5,701.75
2nd payment$0.00$799.44$0.00
Taxes / mo$441.53$441.53$441.53
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$164.70
HOA / mo$66.67$66.67$66.67
Total monthly$4,978.88$5,778.32$6,591.31
Cash to close$211,416$91,500$91,500