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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$632,393$632,393$630,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$32,607$0
Funding fee$3,162$3,162$0
Note rate6.94%6.94%7.18%
Blended rate6.94%7.182%7.42%
1st payment$4,298.31$4,298.31$4,267.84
2nd payment$0.00$322.67$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$87.00$87.00$87.00
Total monthly$4,772.22$5,094.89$4,867.76
Cash to close$67,607$35,000$70,000