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$214,999
Remaining term (yrs)20.620.630.0
Secondary amount$0$214,999$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$1,488.61
2nd payment$0.00$1,388.54$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.00
HOA / mo$212.00$212.00$212.00
Total monthly$441.08$1,829.62$1,972.69
Cash to close$238,888$23,889$23,889