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$675,324$675,324$809,100
Remaining term (yrs)29.329.330.0
Secondary amount$0$133,776$0
Funding fee$3,377$3,377$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.456%7.640%
1st payment$4,142.75$4,142.75$5,602.04
2nd payment$0.00$891.84$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,108.58$6,000.42$6,729.70
Cash to close$223,676$89,900$89,900