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$633,031$633,031$630,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$31,969$0
Funding fee$3,165$3,165$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.177%7.640%
1st payment$4,298.31$4,298.31$4,361.99
2nd payment$0.00$316.36$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$87.00$87.00$87.00
Total monthly$4,772.22$5,088.59$4,961.91
Cash to close$66,969$35,000$70,000