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$636,214$636,214$647,991
Remaining term (yrs)29.129.130.0
Secondary amount$0$47,776$0
Funding fee$3,181$3,181$0
Note rate6.26%6.26%7.18%
Blended rate6.26%6.652%7.42%
1st payment$3,955.85$3,955.85$4,389.72
2nd payment$0.00$472.78$0.00
Taxes / mo$15.83$15.83$15.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.60
HOA / mo$134.00$134.00$134.00
Total monthly$4,322.35$4,795.13$4,885.81
Cash to close$83,776$36,000$71,999