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$616,500
Remaining term (yrs)——30.0
Secondary amount$0$616,500$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$4,268.52
2nd payment$0.00$3,981.56$0.00
Taxes / mo$1,189.19$1,189.19$1,189.19
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$27.50$27.50$27.50
Total monthly$1,383.35$5,364.92$5,775.17
Cash to close$685,000$68,500$68,500