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$693,097$693,097$1,349,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$656,003$0
Funding fee$3,465$3,465$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.108%7.640%
1st payment$4,443.44$4,443.44$9,340.90
2nd payment$0.00$4,236.69$0.00
Taxes / mo$843.50$843.50$843.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$269.82
HOA / mo$240.67$240.67$240.67
Total monthly$5,744.27$9,980.96$10,911.55
Cash to close$805,903$149,900$149,900