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$722,444$722,444$769,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$47,056$0
Funding fee$3,612$3,612$0
Note rate5.780%5.780%7.400%
Blended rate5.780%5.977%7.640%
1st payment$4,486.47$4,486.47$5,327.86
2nd payment$0.00$352.92$0.00
Taxes / mo$712.50$712.50$712.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.90
HOA / mo$0.00$0.00$0.00
Total monthly$5,415.64$5,768.56$6,410.93
Cash to close$132,556$85,500$85,500