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$305,522$305,550
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,528$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$1,502.55$2,115.57
2nd payment$0.00$0.00
Taxes / mo$732.04$732.04
Insurance / mo$150.00$150.00
MI / mo$0.00$61.11
HOA / mo$0.00$0.00
Total monthly$2,384.59$3,058.72
Cash to close$33,978$33,950