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$323,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$323,910$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$2,242.69
2nd payment$0.00$2,091.92$0.00
Taxes / mo$402.58$402.58$402.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$36.67$36.67$36.67
Total monthly$589.25$2,681.17$2,896.72
Cash to close$359,900$35,990$35,990