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
Current Market Conventional
New · Conventional
Loan amount$323,131$271,710
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,616$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$1,877.52$1,881.27
2nd payment$0.00$0.00
Taxes / mo$165.23$165.23
Insurance / mo$150.00$150.00
MI / mo$0.00$54.34
HOA / mo$0.00$0.00
Total monthly$2,192.75$2,250.84
Cash to close$0$30,190