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$49,749$49,749$755,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$705,351$0
Funding fee$249$249$0
Note rate6.010%6.010%7.400%
Blended rate6.010%7.635%7.640%
1st payment$300.10$300.10$5,228.16
2nd payment$0.00$4,555.39$0.00
Taxes / mo$699.17$699.17$699.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,215.93$5,771.32$6,295.01
Cash to close$789,251$83,900$83,900