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$346,491
Remaining term (yrs)29.029.030.0
Secondary amount$0$346,491$0
Funding fee$0$0$0
Note rate4.875%4.875%7.400%
Blended rate4.875%7.750%7.640%
1st payment$0.00$0.00$2,399.03
2nd payment$0.00$2,237.75$0.00
Taxes / mo$26.83$26.83$26.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$294.00$294.00$294.00
Total monthly$470.83$2,708.59$2,939.17
Cash to close$384,990$38,499$38,499