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$661,371$661,371$692,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,628$0
Funding fee$3,307$3,307$0
Note rate6.870%6.870%7.400%
Blended rate6.870%6.967%7.640%
1st payment$4,438.26$4,438.26$4,798.19
2nd payment$0.00$237.21$0.00
Taxes / mo$641.67$641.67$641.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$264.00$264.00$264.00
Total monthly$5,560.59$5,797.80$6,059.12
Cash to close$108,628$77,000$77,000