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$620,910
Remaining term (yrs)——30.0
Secondary amount$0$620,910$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$4,299.06
2nd payment$0.00$4,010.04$0.00
Taxes / mo$742.08$742.08$742.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.18
HOA / mo$22.08$22.08$22.08
Total monthly$930.83$4,940.87$5,354.07
Cash to close$689,900$68,990$68,990