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$648,097$648,097$675,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$26,903$0
Funding fee$3,240$3,240$0
Note rate6.96%6.96%7.18%
Blended rate6.96%7.041%7.42%
1st payment$4,366.65$4,366.65$4,572.69
2nd payment$0.00$201.77$0.00
Taxes / mo$208.50$208.50$208.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$80.00$80.00$80.00
Total monthly$4,871.82$5,073.59$5,212.85
Cash to close$101,903$75,000$75,000