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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$615,432$615,432$675,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$59,568$0
Funding fee$3,077$3,077$0
Note rate6.62%6.62%7.18%
Blended rate6.62%6.83%7.42%
1st payment$4,063.88$4,063.88$4,572.69
2nd payment$0.00$446.76$0.00
Taxes / mo$253.92$253.92$253.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$83.00$83.00$83.00
Total monthly$4,617.46$5,064.22$5,261.27
Cash to close$134,568$75,000$75,000