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$633,110$633,110$692,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$59,800$0
Funding fee$3,166$3,166$0
Note rate6.690%6.690%7.400%
Blended rate6.690%6.889%7.640%
1st payment$4,200.25$4,200.25$4,797.57
2nd payment$0.00$448.50$0.00
Taxes / mo$656.67$656.67$656.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.58
HOA / mo$77.00$77.00$77.00
Total monthly$5,150.58$5,599.08$5,886.48
Cash to close$136,790$76,990$76,990