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$318,746$310,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,594$0
Note rate6.240%7.400%
Blended rate6.240%7.640%
1st payment$1,975.80$2,149.84
2nd payment$0.00$0.00
Taxes / mo$221.00$221.00
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$0.00$0.00
Total monthly$2,346.80$2,582.94
Cash to close$26,254$34,500