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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$737,152$737,152$945,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$207,848$0
Funding fee$3,686$3,686$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.775%7.42%
1st payment$4,716.57$4,716.57$6,401.76
2nd payment$0.00$1,342.35$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$175.00$175.00$175.00
Total monthly$5,391.57$6,733.92$7,265.76
Cash to close$312,848$105,000$105,000