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$317,120$288,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,586$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$1,990.17$1,994.05
2nd payment$0.00$0.00
Taxes / mo$711.58$711.58
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,851.75$2,913.24
Cash to close$2,880$32,000