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$713,096$713,096$809,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$96,814$0
Funding fee$3,565$3,565$0
Note rate6.58%6.58%7.18%
Blended rate6.58%6.869%7.42%
1st payment$4,595.43$4,595.43$5,486.61
2nd payment$0.00$726.10$0.00
Taxes / mo$129.67$129.67$129.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,941.76$5,667.86$5,994.93
Cash to close$186,804$89,990$89,990