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$728,423$728,423$990,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$261,577$0
Funding fee$3,642$3,642$0
Note rate5.27%5.27%7.18%
Blended rate5.27%5.925%7.42%
1st payment$4,319.03$4,319.03$6,706.60
2nd payment$0.00$1,689.35$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$149.00$149.00$149.00
Total monthly$4,901.28$6,590.62$7,486.85
Cash to close$371,577$110,000$110,000