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$440,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$440,100$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.750%7.560%
1st payment$0.00$0.00$3,023.18
2nd payment$0.00$2,842.31$0.00
Taxes / mo$181.83$181.83$181.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$348.50$3,190.81$3,459.70
Cash to close$489,000$48,900$48,900