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$598,578
Remaining term (yrs)29.029.030.0
Secondary amount$0$598,578$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.750%7.640%
1st payment$0.00$0.00$4,144.44
2nd payment$0.00$3,865.82$0.00
Taxes / mo$86.17$86.17$86.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.72
HOA / mo$0.00$0.00$0.00
Total monthly$252.83$4,118.65$4,516.98
Cash to close$665,087$66,509$66,509