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$269,910
Remaining term (yrs)19.219.230.0
Secondary amount$0$269,910$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$1,868.80
2nd payment$0.00$1,743.17$0.00
Taxes / mo$254.50$254.50$254.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$200.00$200.00$200.00
Total monthly$604.50$2,347.67$2,527.28
Cash to close$299,900$29,990$29,990