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$710,366$710,366$805,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$95,134$0
Funding fee$3,552$3,552$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.069%7.640%
1st payment$4,798.35$4,798.35$5,577.12
2nd payment$0.00$713.51$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,099.77$5,813.28$6,039.64
Cash to close$184,634$89,500$89,500