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$517,491
Remaining term (yrs)25.725.730.0
Secondary amount$0$517,491$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$3,583.00
2nd payment$0.00$3,342.13$0.00
Taxes / mo$129.00$129.00$129.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$295.67$3,637.80$3,982.17
Cash to close$574,990$57,499$57,499