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$224,910
Remaining term (yrs)12.112.130.0
Secondary amount$0$224,910$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$1,557.23
2nd payment$0.00$1,452.54$0.00
Taxes / mo$95.67$95.67$95.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$245.67$1,698.21$1,847.88
Cash to close$249,900$24,990$24,990