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$301,320$301,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,507$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$2,030.07$2,087.53
2nd payment$0.00$0.00
Taxes / mo$638.25$638.25
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$0.00$0.00
Total monthly$2,818.32$2,936.08
Cash to close$33,680$33,500