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$669,600
Remaining term (yrs)——30.0
Secondary amount$0$669,600$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$4,636.18
2nd payment$0.00$4,324.50$0.00
Taxes / mo$287.33$287.33$287.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$133.92
HOA / mo$74.00$74.00$74.00
Total monthly$578.00$4,902.50$5,348.10
Cash to close$744,000$74,400$74,400