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$740,171$740,171$773,991
Remaining term (yrs)27.527.530.0
Secondary amount$0$33,820$0
Funding fee$3,701$3,701$0
Note rate7.370%7.370%7.400%
Blended rate7.370%7.441%7.640%
1st payment$5,230.97$5,230.97$5,358.96
2nd payment$0.00$253.65$0.00
Taxes / mo$1,052.17$1,052.17$1,052.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.80
HOA / mo$0.00$0.00$0.00
Total monthly$6,499.81$6,753.46$6,782.59
Cash to close$119,819$85,999$85,999