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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$732,554$732,554$1,012,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$279,946$0
Funding fee$3,663$3,663$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.846%7.42%
1st payment$4,701.07$4,701.07$6,859.03
2nd payment$0.00$1,807.99$0.00
Taxes / mo$346.00$346.00$346.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$135.00$135.00$135.00
Total monthly$5,398.74$7,206.72$7,759.19
Cash to close$392,446$112,500$112,500