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$698,087$698,087$855,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$156,913$0
Funding fee$3,490$3,490$0
Note rate5.980%5.980%7.400%
Blended rate5.980%6.351%7.640%
1st payment$4,201.92$4,201.92$5,919.85
2nd payment$0.00$1,046.09$0.00
Taxes / mo$430.92$430.92$430.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$85.00$85.00$85.00
Total monthly$4,934.51$5,980.59$6,823.43
Cash to close$251,913$95,000$95,000