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$431,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$431,100$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.750%7.640%
1st payment$0.00$0.00$2,984.85
2nd payment$0.00$2,784.19$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$695.00$695.00$695.00
Total monthly$1,260.83$4,045.02$4,331.90
Cash to close$479,000$47,900$47,900