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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$685,400$685,400$787,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$102,100$0
Funding fee$3,427$3,427$0
Note rate6.58%6.58%7.18%
Blended rate6.58%6.764%7.42%
1st payment$4,575.53$4,575.53$5,334.80
2nd payment$0.00$680.66$0.00
Taxes / mo$289.92$289.92$289.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$94.00$94.00$94.00
Total monthly$5,176.11$5,856.78$6,092.88
Cash to close$189,600$87,500$87,500