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$718,760$718,760$792,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$73,240$0
Funding fee$3,594$3,594$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.452%7.640%
1st payment$4,178.57$4,178.57$5,483.65
2nd payment$0.00$549.30$0.00
Taxes / mo$670.67$670.67$670.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$81.00$81.00$81.00
Total monthly$5,146.90$5,696.20$6,610.38
Cash to close$161,240$88,000$88,000