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$296,615$292,497
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,483$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$2,031.44$2,025.19
2nd payment$0.00$0.00
Taxes / mo$688.92$688.92
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,870.35$2,922.61
Cash to close$28,382$32,500