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$234,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$234,000$0
Funding fee$0$0$0
Note rate8.140%8.140%7.400%
Blended rate8.140%7.750%7.640%
1st payment$735.67$735.67$1,620.17
2nd payment$0.00$1,511.25$0.00
Taxes / mo$67.67$67.67$67.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$250.00$250.00$250.00
Total monthly$1,203.33$2,714.58$2,134.64
Cash to close$260,000$26,000$26,000