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$251,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$251,100$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$1,738.57
2nd payment$0.00$1,621.69$0.00
Taxes / mo$542.00$542.00$542.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$16.67$16.67$16.67
Total monthly$708.67$2,330.36$2,497.46
Cash to close$279,000$27,900$27,900