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$303,772$296,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,519$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$1,882.85$2,055.74
2nd payment$0.00$0.00
Taxes / mo$155.83$155.83
Insurance / mo$150.00$150.00
MI / mo$0.00$59.38
HOA / mo$0.00$0.00
Total monthly$2,188.68$2,420.96
Cash to close$26,128$32,990