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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$642,739$642,739$809,730
Remaining term (yrs)27.827.830.0
Secondary amount$0$166,991$0
Funding fee$3,214$3,214$0
Note rate6.89%6.89%7.18%
Blended rate6.89%7.119%7.42%
1st payment$4,325.90$4,325.90$5,485.39
2nd payment$0.00$1,113.27$0.00
Taxes / mo$395.42$395.42$395.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.95
HOA / mo$173.33$173.33$173.33
Total monthly$5,111.31$6,224.58$6,432.75
Cash to close$256,961$89,970$89,970