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$522,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$522,000$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$3,614.22
2nd payment$0.00$3,371.25$0.00
Taxes / mo$910.33$910.33$910.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$167.00$167.00$167.00
Total monthly$1,244.00$4,615.25$4,962.62
Cash to close$580,000$58,000$58,000