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$776,371$776,371$759,330
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,144$0
Funding fee$3,882$3,882$0
Note rate6.130%6.130%7.400%
Blended rate6.130%6.310%7.640%
1st payment$4,944.08$4,944.08$5,257.45
2nd payment$0.00$248.82$0.00
Taxes / mo$573.19$573.19$573.19
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.87
HOA / mo$47.67$47.67$47.67
Total monthly$5,781.61$6,030.43$6,246.84
Cash to close$67,329$42,185$84,370