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$316,226$306,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,581$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$2,112.14$2,118.68
2nd payment$0.00$0.00
Taxes / mo$643.90$643.90
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$2,906.04$2,973.78
Cash to close$23,774$34,000