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$669,777$669,777$765,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$95,223$0
Funding fee$3,349$3,349$0
Note rate4.420%4.420%7.400%
Blended rate4.420%4.990%7.640%
1st payment$3,640.08$3,640.08$5,296.71
2nd payment$0.00$714.17$0.00
Taxes / mo$303.42$303.42$303.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$75.00$75.00$75.00
Total monthly$4,235.16$4,949.34$6,044.79
Cash to close$180,223$85,000$85,000