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$650,216$650,216$657,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$43,284$0
Funding fee$3,251$3,251$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.032%7.640%
1st payment$4,354.87$4,354.87$4,548.94
2nd payment$0.00$428.33$0.00
Taxes / mo$645.25$645.25$645.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,216.79$5,645.12$5,542.25
Cash to close$79,784$36,500$73,000