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$305,972$298,710
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,530$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,059.32$2,068.21
2nd payment$0.00$0.00
Taxes / mo$157.04$157.04
Insurance / mo$150.00$150.00
MI / mo$0.00$59.74
HOA / mo$0.00$0.00
Total monthly$2,366.36$2,434.99
Cash to close$25,928$33,190