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$362,993$315,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,815$0
Note rate4.620%7.400%
Blended rate4.620%7.640%
1st payment$1,884.89$2,181.00
2nd payment$0.00$0.00
Taxes / mo$168.92$168.92
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,203.81$2,562.91
Cash to close$0$35,000