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$563,136$563,136$1,259,899
Remaining term (yrs)27.827.830.0
Secondary amount$0$696,763$0
Funding fee$2,816$2,816$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.379%7.640%
1st payment$3,801.21$3,801.21$8,723.29
2nd payment$0.00$4,499.93$0.00
Taxes / mo$808.75$808.75$808.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.98
HOA / mo$69.00$69.00$69.00
Total monthly$4,895.63$9,395.56$10,069.68
Cash to close$836,752$139,989$139,989