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$615,594$615,594$787,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$171,906$0
Funding fee$3,078$3,078$0
Note rate6.290%6.290%7.400%
Blended rate6.290%6.663%7.640%
1st payment$4,001.77$4,001.77$5,452.49
2nd payment$0.00$1,146.04$0.00
Taxes / mo$356.92$356.92$356.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$22.00$22.00$22.00
Total monthly$4,597.36$5,743.40$6,205.57
Cash to close$259,406$87,500$87,500