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$242,100
Remaining term (yrs)6.76.730.0
Secondary amount$0$242,100$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$1,676.25
2nd payment$0.00$1,563.56$0.00
Taxes / mo$228.50$228.50$228.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$378.50$1,942.06$2,103.17
Cash to close$269,000$26,900$26,900