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$777,631$777,631$832,410
Remaining term (yrs)28.428.430.0
Secondary amount$0$54,779$0
Funding fee$3,888$3,888$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.085%7.640%
1st payment$5,229.39$5,229.39$5,763.44
2nd payment$0.00$410.84$0.00
Taxes / mo$497.92$497.92$497.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.48
HOA / mo$293.00$293.00$293.00
Total monthly$6,236.97$6,647.82$6,937.50
Cash to close$147,269$92,490$92,490