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$320,914$310,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,605$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,172.51$2,149.84
2nd payment$0.00$0.00
Taxes / mo$83.58$83.58
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$0.00$0.00
Total monthly$2,406.10$2,445.52
Cash to close$24,086$34,500