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$305,550
Remaining term (yrs)29.129.130.0
Secondary amount$0$305,550$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$2,098.92
2nd payment$0.00$1,973.34$0.00
Taxes / mo$10.00$10.00$10.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.11
HOA / mo$0.00$0.00$0.00
Total monthly$160.00$2,133.34$2,320.03
Cash to close$339,500$33,950$33,950