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$292,410
Remaining term (yrs)——30.0
Secondary amount$0$292,410$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.000%7.750%7.640%
1st payment$0.00$0.00$2,024.59
2nd payment$0.00$1,888.48$0.00
Taxes / mo$145.26$145.26$145.26
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$11.17$11.17$11.17
Total monthly$306.43$2,194.91$2,389.50
Cash to close$324,900$32,490$32,490