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$30,127$30,127$719,100
Remaining term (yrs)28.728.730.0
Secondary amount$0$688,973$0
Funding fee$151$151$0
Note rate6.860%6.860%7.320%
Blended rate6.860%7.713%7.560%
1st payment$200.06$200.06$4,939.72
2nd payment$0.00$4,449.62$0.00
Taxes / mo$417.08$417.08$417.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$833.81$5,283.43$5,717.29
Cash to close$768,873$79,900$79,900