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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$804,837$804,837$832,410
Remaining term (yrs)26.626.630.0
Secondary amount$0$27,573$0
Funding fee$4,024$4,024$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.215%7.640%
1st payment$5,101.21$5,101.21$5,763.44
2nd payment$0.00$206.80$0.00
Taxes / mo$302.00$302.00$302.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.48
HOA / mo$141.00$141.00$141.00
Total monthly$5,760.88$5,967.68$6,589.59
Cash to close$120,063$92,490$92,490