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$314,910
Remaining term (yrs)——30.0
Secondary amount$0$314,910$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.250%7.750%7.640%
1st payment$0.00$0.00$2,180.37
2nd payment$0.00$2,033.79$0.00
Taxes / mo$636.00$636.00$636.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$29.17$29.17$29.17
Total monthly$815.17$2,848.96$3,058.53
Cash to close$349,900$34,990$34,990