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$709,910$709,910$809,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$99,190$0
Funding fee$3,550$3,550$0
Note rate4.42%4.42%7.18%
Blended rate4.42%4.981%7.42%
1st payment$3,864.96$3,864.96$5,481.13
2nd payment$0.00$743.93$0.00
Taxes / mo$175.33$175.33$175.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$37.92$37.92$37.92
Total monthly$4,294.88$5,038.81$6,072.87
Cash to close$189,090$89,900$89,900