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$747,781$747,781$877,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$129,719$0
Funding fee$3,739$3,739$0
Note rate4.990%4.990%7.400%
Blended rate4.990%5.435%7.640%
1st payment$4,289.69$4,289.69$6,075.63
2nd payment$0.00$864.80$0.00
Taxes / mo$385.25$385.25$385.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$175.50
HOA / mo$66.67$66.67$66.67
Total monthly$4,958.27$5,823.07$6,919.72
Cash to close$227,219$97,500$97,500