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$762,816$762,816$809,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$46,284$0
Funding fee$3,814$3,814$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.643%7.640%
1st payment$5,023.75$5,023.75$5,602.04
2nd payment$0.00$347.13$0.00
Taxes / mo$1,068.92$1,068.92$1,068.92
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$6,309.34$6,656.46$7,049.45
Cash to close$136,184$89,900$89,900