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$440,991
Remaining term (yrs)——30.0
Secondary amount$0$440,991$0
Funding fee$0$0$0
Note rate4.875%4.875%7.18%
Blended rate4.875%7.75%7.42%
1st payment$0.00$0.00$2,987.43
2nd payment$0.00$2,848.07$0.00
Taxes / mo$41.83$41.83$41.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$220.00$220.00$220.00
Total monthly$428.50$3,276.57$3,504.12
Cash to close$489,990$48,999$48,999