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$305,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$305,910$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.750%7.640%
1st payment$0.00$0.00$2,118.06
2nd payment$0.00$1,975.67$0.00
Taxes / mo$435.25$435.25$435.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$585.25$2,560.92$2,764.49
Cash to close$339,900$33,990$33,990