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$675,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$675,000$0
Funding fee$0$0$0
Note rate4.440%4.440%7.400%
Blended rate4.440%7.750%7.640%
1st payment$1,036.04$1,036.04$4,673.56
2nd payment$0.00$4,359.38$0.00
Taxes / mo$387.00$387.00$387.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$39.75$39.75$39.75
Total monthly$1,679.46$6,038.83$5,451.98
Cash to close$750,000$75,000$75,000