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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$713,778$713,778$809,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$96,132$0
Funding fee$3,569$3,569$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.867%7.640%
1st payment$4,595.43$4,595.43$5,607.65
2nd payment$0.00$720.99$0.00
Taxes / mo$129.67$129.67$129.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,941.76$5,662.75$6,115.97
Cash to close$186,122$89,990$89,990