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$46,856$46,856$782,100
Remaining term (yrs)17.417.430.0
Secondary amount$0$735,244$0
Funding fee$234$234$0
Note rate6.640%6.640%7.320%
Blended rate6.640%7.683%7.560%
1st payment$376.92$376.92$5,372.48
2nd payment$0.00$4,748.45$0.00
Taxes / mo$348.25$348.25$348.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$156.42
HOA / mo$132.00$132.00$132.00
Total monthly$1,073.84$5,822.29$6,225.82
Cash to close$822,144$86,900$86,900