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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$628,181$628,181$642,600
Remaining term (yrs)28.928.930.0
Secondary amount$0$50,119$0
Funding fee$3,141$3,141$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.897%7.42%
1st payment$4,015.41$4,015.41$4,353.20
2nd payment$0.00$495.97$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.52
HOA / mo$75.00$75.00$75.00
Total monthly$4,460.41$4,956.38$4,926.72
Cash to close$85,819$35,700$71,400