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$304,233$288,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,521$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,035.63$1,994.05
2nd payment$0.00$0.00
Taxes / mo$676.92$676.92
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,862.54$2,878.57
Cash to close$15,767$32,000