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$321,052$306,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,605$0
Note rate2.900%7.400%
Blended rate2.900%7.640%
1st payment$1,509.25$2,118.68
2nd payment$0.00$0.00
Taxes / mo$99.75$99.75
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$1,759.00$2,429.63
Cash to close$18,948$34,000