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$465,210
Remaining term (yrs)——30.0
Secondary amount$0$465,210$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$3,221.02
2nd payment$0.00$3,004.48$0.00
Taxes / mo$92.92$92.92$92.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.04
HOA / mo$56.00$56.00$56.00
Total monthly$315.58$3,320.06$3,629.65
Cash to close$516,900$51,690$51,690