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$593,991
Remaining term (yrs)——30.0
Secondary amount$0$593,991$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$4,112.67
2nd payment$0.00$3,836.19$0.00
Taxes / mo$6.81$6.81$6.81
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$49.00$49.00$49.00
Total monthly$222.48$4,058.67$4,453.95
Cash to close$659,990$65,999$65,999