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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$652,308$652,308$660,600
Remaining term (yrs)28.528.530.0
Secondary amount$0$44,992$0
Funding fee$3,262$3,262$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.847%7.42%
1st payment$4,190.29$4,190.29$4,475.13
2nd payment$0.00$445.23$0.00
Taxes / mo$380.00$380.00$380.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.12
HOA / mo$125.00$125.00$125.00
Total monthly$4,911.96$5,357.20$5,328.92
Cash to close$81,692$36,700$73,400