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$446,391
Remaining term (yrs)——30.0
Secondary amount$0$446,391$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$3,090.72
2nd payment$0.00$2,882.94$0.00
Taxes / mo$41.83$41.83$41.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.28
HOA / mo$220.00$220.00$220.00
Total monthly$428.50$3,311.44$3,608.50
Cash to close$495,990$49,599$49,599