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$32,260$32,260$340,200
Remaining term (yrs)29.829.830.0
Secondary amount$0$307,940$0
Funding fee$161$161$0
Note rate2.990%2.990%7.400%
Blended rate2.990%7.299%7.640%
1st payment$136.07$136.07$2,355.48
2nd payment$0.00$1,988.78$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.04
HOA / mo$0.00$0.00$0.00
Total monthly$606.90$2,595.68$2,894.35
Cash to close$345,740$37,800$37,800