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$747,644$747,644$801,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$53,356$0
Funding fee$3,738$3,738$0
Note rate7.170%7.170%7.400%
Blended rate7.170%7.292%7.640%
1st payment$5,184.58$5,184.58$5,545.96
2nd payment$0.00$400.17$0.00
Taxes / mo$1,107.08$1,107.08$1,107.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$160.20
HOA / mo$132.00$132.00$132.00
Total monthly$6,640.33$7,040.50$7,161.91
Cash to close$142,356$89,000$89,000