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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$774,732$774,732$1,012,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$237,768$0
Funding fee$3,874$3,874$0
Note rate6.26%6.26%7.18%
Blended rate6.26%6.61%7.42%
1st payment$4,831.71$4,831.71$6,859.03
2nd payment$0.00$1,535.59$0.00
Taxes / mo$53.00$53.00$53.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,101.37$6,636.96$7,331.19
Cash to close$350,268$112,500$112,500