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$552,591
Remaining term (yrs)——30.0
Secondary amount$0$552,591$0
Funding fee$0$0$0
Note rate5.25%5.25%7.11%
Blended rate5.25%7.75%7.35%
1st payment$0.00$0.00$3,717.31
2nd payment$0.00$3,568.82$0.00
Taxes / mo$6.75$6.75$6.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.52
HOA / mo$49.00$49.00$49.00
Total monthly$222.42$3,791.23$4,050.25
Cash to close$613,990$61,399$61,399