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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$632,231$632,231$657,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$61,269$0
Funding fee$3,161$3,161$0
Note rate6.660%6.660%7.400%
Blended rate6.660%7.121%7.640%
1st payment$4,182.15$4,182.15$4,548.94
2nd payment$0.00$606.31$0.00
Taxes / mo$248.00$248.00$248.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$84.00$84.00$84.00
Total monthly$4,730.82$5,337.12$5,229.00
Cash to close$97,769$36,500$73,000