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$242,820
Remaining term (yrs)0.00.030.0
Secondary amount$0$242,820$0
Funding fee$0$0$0
Note rate7.800%7.800%7.320%
Blended rate7.800%7.750%7.560%
1st payment$457.30$457.30$1,668.00
2nd payment$0.00$1,568.21$0.00
Taxes / mo$301.00$301.00$301.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.56
HOA / mo$0.00$0.00$0.00
Total monthly$908.30$2,476.51$2,167.57
Cash to close$269,800$26,980$26,980