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$584,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$584,910$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.000%7.750%7.560%
1st payment$0.00$0.00$4,017.93
2nd payment$0.00$3,777.54$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$364.00$364.00$364.00
Total monthly$1,072.25$4,849.79$5,207.16
Cash to close$649,900$64,990$64,990