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$704,292$704,292$742,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$38,208$0
Funding fee$3,521$3,521$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.458%7.640%
1st payment$4,461.03$4,461.03$5,140.92
2nd payment$0.00$286.56$0.00
Taxes / mo$101.50$101.50$101.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,779.20$5,065.76$5,607.59
Cash to close$120,708$82,500$82,500