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$323,147$301,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,616$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,130.67$2,087.53
2nd payment$0.00$0.00
Taxes / mo$122.83$122.83
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$0.00$0.00
Total monthly$2,403.50$2,420.66
Cash to close$11,853$33,500