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$269,996
Remaining term (yrs)25.925.930.0
Secondary amount$0$269,996$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.000%7.750%7.640%
1st payment$0.00$0.00$1,869.39
2nd payment$0.00$1,743.72$0.00
Taxes / mo$224.04$224.04$224.04
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$642.00$642.00$642.00
Total monthly$1,016.04$2,759.76$2,939.43
Cash to close$299,995$30,000$30,000