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$348,089$270,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,740$0
Note rate3.220%7.400%
Blended rate3.220%7.640%
1st payment$1,669.21$1,869.43
2nd payment$0.00$0.00
Taxes / mo$178.76$178.76
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$0.00$0.00
Total monthly$1,997.97$2,252.19
Cash to close$0$30,000