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$229,410
Remaining term (yrs)29.729.730.0
Secondary amount$0$229,410$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.750%7.640%
1st payment$0.00$0.00$1,588.39
2nd payment$0.00$1,481.61$0.00
Taxes / mo$53.25$53.25$53.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.88
HOA / mo$175.00$175.00$175.00
Total monthly$378.25$1,859.86$2,012.52
Cash to close$254,900$25,490$25,490