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$445,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$445,500$0
Funding fee$0$0$0
Note rate9.190%9.190%7.400%
Blended rate9.190%7.750%7.640%
1st payment$918.99$918.99$3,084.55
2nd payment$0.00$2,877.19$0.00
Taxes / mo$232.67$232.67$232.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$19.33$19.33$19.33
Total monthly$1,337.65$4,214.84$3,592.32
Cash to close$495,000$49,500$49,500