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$828,242$828,242$899,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$71,668$0
Funding fee$4,141$4,141$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.902%7.640%
1st payment$5,499.40$5,499.40$6,230.80
2nd payment$0.00$537.51$0.00
Taxes / mo$833.25$833.25$833.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.98
HOA / mo$43.00$43.00$43.00
Total monthly$6,592.32$7,129.83$7,503.69
Cash to close$171,658$99,990$99,990