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$260,910
Remaining term (yrs)15.015.030.0
Secondary amount$0$260,910$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$1,806.49
2nd payment$0.00$1,685.04$0.00
Taxes / mo$365.08$365.08$365.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$837.00$837.00$837.00
Total monthly$1,352.08$3,037.13$3,210.75
Cash to close$289,900$28,990$28,990