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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$632,229$632,229$624,600
Remaining term (yrs)28.828.830.0
Secondary amount$0$27,071$0
Funding fee$3,161$3,161$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.721%7.42%
1st payment$4,045.24$4,045.24$4,231.26
2nd payment$0.00$267.89$0.00
Taxes / mo$243.08$243.08$243.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.92
HOA / mo$113.00$113.00$113.00
Total monthly$4,567.99$4,835.87$4,878.93
Cash to close$61,771$34,700$69,400