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$504,000
Remaining term (yrs)17.517.530.0
Secondary amount$0$504,000$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.750%7.640%
1st payment$0.00$0.00$3,489.59
2nd payment$0.00$3,255.00$0.00
Taxes / mo$831.42$831.42$831.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$9.17$9.17$9.17
Total monthly$1,007.25$4,262.25$4,597.65
Cash to close$560,000$56,000$56,000