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$309,947$312,300
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,550$0
Note rate5.890%7.400%
Blended rate5.890%7.640%
1st payment$1,940.43$2,162.30
2nd payment$0.00$0.00
Taxes / mo$514.75$514.75
Insurance / mo$150.00$150.00
MI / mo$0.00$62.46
HOA / mo$0.00$0.00
Total monthly$2,605.18$2,889.51
Cash to close$37,053$34,700