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$328,500
Remaining term (yrs)7.87.830.0
Secondary amount$0$328,500$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$2,274.47
2nd payment$0.00$2,121.56$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$122.00$122.00$122.00
Total monthly$444.33$2,565.90$2,784.50
Cash to close$365,000$36,500$36,500