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$311,355
Remaining term (yrs)——30.0
Secondary amount$0$311,355$0
Funding fee$0$0$0
Note rate2.250%2.250%7.400%
Blended rate2.250%7.750%7.640%
1st payment$0.00$0.00$2,155.76
2nd payment$0.00$2,010.83$0.00
Taxes / mo$758.17$758.17$758.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.27
HOA / mo$0.00$0.00$0.00
Total monthly$908.17$2,919.00$3,126.20
Cash to close$345,950$34,595$34,595