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$0$0$535,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$535,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.750%7.640%
1st payment$0.00$0.00$3,707.69
2nd payment$0.00$3,458.44$0.00
Taxes / mo$431.58$431.58$431.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$598.25$4,056.69$4,413.04
Cash to close$595,000$59,500$59,500