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$581,310
Remaining term (yrs)——30.0
Secondary amount$0$581,310$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$4,024.87
2nd payment$0.00$3,754.29$0.00
Taxes / mo$538.25$538.25$538.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.26
HOA / mo$230.00$230.00$230.00
Total monthly$934.92$4,689.21$5,076.05
Cash to close$645,900$64,590$64,590