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$530,999
Remaining term (yrs)0.00.030.0
Secondary amount$0$530,999$0
Funding fee$0$0$0
Note rate7.210%7.210%7.400%
Blended rate7.210%7.750%7.640%
1st payment$686.26$686.26$3,676.53
2nd payment$0.00$3,429.37$0.00
Taxes / mo$491.67$491.67$491.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,344.59$4,773.96$4,441.06
Cash to close$589,999$59,000$59,000