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$692,362$692,362$697,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$43,888$0
Funding fee$3,462$3,462$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.435%7.640%
1st payment$4,288.62$4,288.62$4,829.35
2nd payment$0.00$434.30$0.00
Taxes / mo$219.92$219.92$219.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,725.20$5,159.51$5,405.43
Cash to close$82,638$38,750$77,500