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$636,848$636,848$656,991
Remaining term (yrs)29.229.230.0
Secondary amount$0$56,643$0
Funding fee$3,184$3,184$0
Note rate6.260%6.260%7.400%
Blended rate6.260%6.719%7.640%
1st payment$3,955.85$3,955.85$4,548.87
2nd payment$0.00$560.53$0.00
Taxes / mo$15.83$15.83$15.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$134.00$134.00$134.00
Total monthly$4,322.35$4,882.87$5,046.77
Cash to close$93,142$36,500$72,999