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$304,097$301,410
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,520$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,959.41$2,086.90
2nd payment$0.00$0.00
Taxes / mo$167.67$167.67
Insurance / mo$150.00$150.00
MI / mo$0.00$60.28
HOA / mo$43.67$43.67
Total monthly$2,320.75$2,508.52
Cash to close$30,803$33,490