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$323,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$323,100$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$2,237.08
2nd payment$0.00$2,086.69$0.00
Taxes / mo$526.75$526.75$526.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$68.00$68.00$68.00
Total monthly$744.75$2,831.44$3,046.45
Cash to close$359,000$35,900$35,900