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$308,609$297,000
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,543$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,957.75$2,056.37
2nd payment$0.00$0.00
Taxes / mo$83.08$83.08
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$220.00$220.00
Total monthly$2,410.84$2,568.85
Cash to close$21,391$33,000