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$341,622$306,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,708$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,782.64$2,118.68
2nd payment$0.00$0.00
Taxes / mo$104.36$104.36
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$2,037.00$2,434.24
Cash to close$0$34,000