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$306,945$288,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,535$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$1,981.62$1,994.05
2nd payment$0.00$0.00
Taxes / mo$143.50$143.50
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,275.12$2,345.15
Cash to close$13,055$32,000