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$693,827$693,827$765,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$71,173$0
Funding fee$3,469$3,469$0
Note rate6.190%6.190%7.400%
Blended rate6.190%6.451%7.640%
1st payment$4,282.74$4,282.74$5,296.71
2nd payment$0.00$533.80$0.00
Taxes / mo$226.67$226.67$226.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,726.07$5,259.88$5,893.04
Cash to close$156,173$85,000$85,000