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$307,894$306,000
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$1,539$0
Note rate2.740%7.400%
Blended rate2.740%7.640%
1st payment$1,438.96$2,118.68
2nd payment$0.00$0.00
Taxes / mo$140.42$140.42
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$560.00$560.00
Total monthly$2,289.37$3,030.30
Cash to close$32,106$34,000