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$322,153$324,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,611$0
Note rate3.000%7.400%
Blended rate3.000%7.640%
1st payment$1,531.12$2,243.31
2nd payment$0.00$0.00
Taxes / mo$104.75$104.75
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$0.00$0.00
Total monthly$1,785.87$2,562.86
Cash to close$37,847$36,000