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$316,691$310,500
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,583$0
Note rate3.050%7.400%
Blended rate3.050%7.640%
1st payment$1,503.37$2,149.84
2nd payment$0.00$0.00
Taxes / mo$172.58$172.58
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$335.00$335.00
Total monthly$2,160.95$2,869.52
Cash to close$28,309$34,500