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$319,420$320,310
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,597$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$2,113.04$2,217.76
2nd payment$0.00$0.00
Taxes / mo$296.58$296.58
Insurance / mo$150.00$150.00
MI / mo$0.00$64.06
HOA / mo$35.00$35.00
Total monthly$2,594.62$2,763.41
Cash to close$36,480$35,590