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$323,141$295,200
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,616$0
Note rate3.920%7.400%
Blended rate3.920%7.640%
1st payment$1,668.73$2,043.91
2nd payment$0.00$0.00
Taxes / mo$86.56$86.56
Insurance / mo$150.00$150.00
MI / mo$0.00$59.04
HOA / mo$350.00$350.00
Total monthly$2,255.29$2,689.50
Cash to close$4,859$32,800