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$703,471$703,471$800,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$97,439$0
Funding fee$3,517$3,517$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.041%7.640%
1st payment$4,679.48$4,679.48$5,545.34
2nd payment$0.00$730.79$0.00
Taxes / mo$596.33$596.33$596.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.18
HOA / mo$3.50$3.50$3.50
Total monthly$5,495.98$6,226.77$6,522.02
Cash to close$186,429$88,990$88,990