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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$778,250$778,250$1,480,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$702,250$0
Funding fee$3,891$3,891$0
Note rate6.72%6.72%7.18%
Blended rate6.72%7.209%7.42%
1st payment$5,172.84$5,172.84$10,029.42
2nd payment$0.00$4,535.36$0.00
Taxes / mo$293.42$293.42$293.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,682.92$10,218.29$10,835.61
Cash to close$866,750$164,500$164,500