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$359,100
Remaining term (yrs)14.314.330.0
Secondary amount$0$359,100$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$2,486.34
2nd payment$0.00$2,319.19$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$352.00$352.00$352.00
Total monthly$834.50$3,153.69$3,392.66
Cash to close$399,000$39,900$39,900