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$827,246$827,246$809,999
Remaining term (yrs)27.827.830.0
Secondary amount$0$27,753$0
Funding fee$4,136$4,136$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.110%7.640%
1st payment$5,600.26$5,600.26$5,608.27
2nd payment$0.00$274.64$0.00
Taxes / mo$930.08$930.08$930.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,747.01$7,021.65$6,917.02
Cash to close$72,753$45,000$90,000