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$467,991
Remaining term (yrs)——30.0
Secondary amount$0$467,991$0
Funding fee$0$0$0
Note rate4.875%4.875%7.400%
Blended rate4.875%7.750%7.640%
1st payment$0.00$0.00$3,240.28
2nd payment$0.00$3,022.44$0.00
Taxes / mo$8.67$8.67$8.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$44.00$44.00$44.00
Total monthly$219.33$3,241.78$3,553.21
Cash to close$519,990$51,999$51,999