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$743,699$743,699$733,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,551$0
Funding fee$3,718$3,718$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.712%7.640%
1st payment$4,801.81$4,801.81$5,078.61
2nd payment$0.00$302.33$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$480.00$480.00$480.00
Total monthly$5,776.06$6,078.40$6,199.56
Cash to close$71,301$40,750$81,500