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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$709,599$709,599$805,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$95,901$0
Funding fee$3,548$3,548$0
Note rate6.81%6.81%7.18%
Blended rate6.81%7.071%7.42%
1st payment$4,798.35$4,798.35$5,456.74
2nd payment$0.00$719.26$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,099.77$5,819.03$5,919.25
Cash to close$185,401$89,500$89,500