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$609,761$609,761$728,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$119,149$0
Funding fee$3,049$3,049$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.553%7.640%
1st payment$3,936.58$3,936.58$5,046.83
2nd payment$0.00$794.33$0.00
Taxes / mo$238.42$238.42$238.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$145.78
HOA / mo$133.00$133.00$133.00
Total monthly$4,524.66$5,318.99$5,780.69
Cash to close$200,139$80,990$80,990