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$787,880$787,880$809,999
Remaining term (yrs)25.825.830.0
Secondary amount$0$67,119$0
Funding fee$3,939$3,939$0
Note rate4.990%4.990%7.400%
Blended rate4.990%5.530%7.640%
1st payment$4,519.72$4,519.72$5,608.27
2nd payment$0.00$664.19$0.00
Taxes / mo$291.08$291.08$291.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$133.00$133.00$133.00
Total monthly$5,160.47$5,824.66$6,411.02
Cash to close$112,119$45,000$90,000