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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$674,394$674,394$769,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$95,106$0
Funding fee$3,372$3,372$0
Note rate6.85%6.85%7.18%
Blended rate6.85%7.116%7.42%
1st payment$4,521.29$4,521.29$5,212.86
2nd payment$0.00$713.30$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.90
HOA / mo$17.33$17.33$17.33
Total monthly$5,078.54$5,791.83$5,924.01
Cash to close$180,606$85,500$85,500