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$242,910
Remaining term (yrs)——30.0
Secondary amount$0$242,910$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.000%7.750%7.560%
1st payment$0.00$0.00$1,668.62
2nd payment$0.00$1,568.79$0.00
Taxes / mo$296.17$296.17$296.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$446.17$2,014.96$2,163.37
Cash to close$269,900$26,990$26,990