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$292,320
Remaining term (yrs)19.719.730.0
Secondary amount$0$292,320$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.000%7.750%7.560%
1st payment$0.00$0.00$2,008.04
2nd payment$0.00$1,887.90$0.00
Taxes / mo$208.50$208.50$208.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.46
HOA / mo$0.00$0.00$0.00
Total monthly$358.50$2,246.40$2,425.00
Cash to close$324,800$32,480$32,480