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$377,999
Remaining term (yrs)——30.0
Secondary amount$0$377,999$0
Funding fee$0$0$0
Note rate2.750%2.750%7.400%
Blended rate2.750%7.750%7.640%
1st payment$0.00$0.00$2,617.19
2nd payment$0.00$2,441.24$0.00
Taxes / mo$276.33$276.33$276.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$426.33$2,867.58$3,119.12
Cash to close$419,999$42,000$42,000