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$373,050
Remaining term (yrs)——30.0
Secondary amount$0$373,050$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$2,582.92
2nd payment$0.00$2,409.28$0.00
Taxes / mo$94.58$94.58$94.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.61
HOA / mo$0.00$0.00$0.00
Total monthly$244.58$2,653.86$2,902.12
Cash to close$414,500$41,450$41,450