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$508,500
Remaining term (yrs)——30.0
Secondary amount$0$508,500$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$3,520.75
2nd payment$0.00$3,284.06$0.00
Taxes / mo$401.14$401.14$401.14
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$459.67$459.67$459.67
Total monthly$1,027.47$4,311.54$4,649.92
Cash to close$565,000$56,500$56,500