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$326,774$288,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,634$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$1,729.80$1,994.05
2nd payment$0.00$0.00
Taxes / mo$82.67$82.67
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$177.00$177.00
Total monthly$2,139.47$2,461.32
Cash to close$0$32,000