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$350,991
Remaining term (yrs)15.515.530.0
Secondary amount$0$350,991$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$2,430.19
2nd payment$0.00$2,266.82$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$136.00$136.00$136.00
Total monthly$510.17$2,776.98$3,010.56
Cash to close$389,990$38,999$38,999