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$779,060$779,060$1,480,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$701,440$0
Funding fee$3,895$3,895$0
Note rate6.720%6.720%7.400%
Blended rate6.720%7.208%7.640%
1st payment$5,172.84$5,172.84$10,250.68
2nd payment$0.00$4,530.13$0.00
Taxes / mo$293.42$293.42$293.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,682.92$10,213.06$11,056.87
Cash to close$865,940$164,500$164,500