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$243,900
Remaining term (yrs)19.919.930.0
Secondary amount$0$243,900$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.750%7.640%
1st payment$0.00$0.00$1,688.71
2nd payment$0.00$1,575.19$0.00
Taxes / mo$115.17$115.17$115.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.78
HOA / mo$478.00$478.00$478.00
Total monthly$743.17$2,318.35$2,480.66
Cash to close$271,000$27,100$27,100