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$553,491
Remaining term (yrs)——30.0
Secondary amount$0$553,491$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$3,832.26
2nd payment$0.00$3,574.63$0.00
Taxes / mo$6.83$6.83$6.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$190.00$190.00$190.00
Total monthly$363.50$3,938.13$4,306.46
Cash to close$614,990$61,499$61,499