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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$632,476$632,476$625,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$27,774$0
Funding fee$3,162$3,162$0
Note rate6.67%6.67%7.18%
Blended rate6.67%6.889%7.42%
1st payment$4,117.05$4,117.05$4,237.35
2nd payment$0.00$274.85$0.00
Taxes / mo$243.08$243.08$243.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$113.00$113.00$113.00
Total monthly$4,639.80$4,914.65$4,885.20
Cash to close$62,524$34,750$69,500