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$826,171$826,171$1,165,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$339,329$0
Funding fee$4,131$4,131$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.864%7.640%
1st payment$5,275.87$5,275.87$8,069.69
2nd payment$0.00$2,191.50$0.00
Taxes / mo$435.75$435.75$435.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.10
HOA / mo$146.00$146.00$146.00
Total monthly$6,074.29$8,265.79$9,101.20
Cash to close$468,829$129,500$129,500