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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$641,400$641,400$719,991
Remaining term (yrs)28.828.830.0
Secondary amount$0$78,591$0
Funding fee$3,207$3,207$0
Note rate6.870%6.870%7.320%
Blended rate6.870%7.103%7.560%
1st payment$4,255.73$4,255.73$4,945.84
2nd payment$0.00$589.43$0.00
Taxes / mo$46.42$46.42$46.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$143.00$143.00$143.00
Total monthly$4,661.81$5,251.24$5,495.92
Cash to close$158,590$79,999$79,999