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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$652,308$652,308$674,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$59,242$0
Funding fee$3,262$3,262$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.948%7.42%
1st payment$4,190.29$4,190.29$4,566.59
2nd payment$0.00$586.25$0.00
Taxes / mo$380.00$380.00$380.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.82
HOA / mo$125.00$125.00$125.00
Total monthly$4,911.96$5,498.21$5,423.07
Cash to close$96,692$37,450$74,900