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$794,919$794,919$809,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$59,131$0
Funding fee$3,975$3,975$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.947%7.640%
1st payment$5,117.83$5,117.83$5,602.04
2nd payment$0.00$585.15$0.00
Taxes / mo$365.33$365.33$365.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$109.00$109.00$109.00
Total monthly$5,808.83$6,393.98$6,454.86
Cash to close$104,081$44,950$89,900