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$585,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$585,000$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.750%7.640%
1st payment$611.71$611.71$4,050.42
2nd payment$0.00$3,778.13$0.00
Taxes / mo$162.17$162.17$162.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$940.54$4,718.66$4,496.26
Cash to close$650,000$65,000$65,000