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$321,532$306,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,608$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,524.83$2,118.68
2nd payment$0.00$0.00
Taxes / mo$104.33$104.33
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$1,779.16$2,434.22
Cash to close$18,468$34,000