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$322,393$295,200
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,612$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$1,636.50$2,043.91
2nd payment$0.00$0.00
Taxes / mo$86.58$86.58
Insurance / mo$150.00$150.00
MI / mo$0.00$59.04
HOA / mo$350.00$350.00
Total monthly$2,223.08$2,689.53
Cash to close$5,607$32,800