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$775,518$775,518$1,012,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$236,982$0
Funding fee$3,878$3,878$0
Note rate6.260%6.260%7.400%
Blended rate6.260%6.609%7.640%
1st payment$4,831.71$4,831.71$7,010.35
2nd payment$0.00$1,530.51$0.00
Taxes / mo$53.00$53.00$53.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,101.37$6,631.88$7,482.51
Cash to close$349,482$112,500$112,500