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$565,999
Remaining term (yrs)28.828.830.0
Secondary amount$0$565,999$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$3,888.02
2nd payment$0.00$3,655.41$0.00
Taxes / mo$524.07$524.07$524.07
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.20
HOA / mo$660.00$660.00$660.00
Total monthly$1,350.74$5,006.15$5,351.96
Cash to close$628,888$62,889$62,889