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$790,147$790,147$1,147,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$357,353$0
Funding fee$3,951$3,951$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.862%7.640%
1st payment$4,987.20$4,987.20$7,945.06
2nd payment$0.00$2,307.91$0.00
Taxes / mo$1,012.00$1,012.00$1,012.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$89.33$89.33$89.33
Total monthly$6,305.20$8,613.11$9,492.55
Cash to close$484,853$127,500$127,500