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$791,982$791,982$944,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$152,118$0
Funding fee$3,960$3,960$0
Note rate7.630%7.630%7.400%
Blended rate7.630%7.690%7.640%
1st payment$5,771.32$5,771.32$6,536.76
2nd payment$0.00$1,014.12$0.00
Taxes / mo$621.17$621.17$621.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,609.16$7,623.28$7,563.41
Cash to close$257,018$104,900$104,900