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$705,851$705,851$832,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$126,649$0
Funding fee$3,529$3,529$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.584%7.640%
1st payment$4,583.59$4,583.59$5,764.06
2nd payment$0.00$844.33$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,571.09$6,415.42$6,918.06
Cash to close$219,149$92,500$92,500