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$312,576$319,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,563$0
Note rate5.780%7.400%
Blended rate5.780%7.640%
1st payment$1,946.57$2,212.15
2nd payment$0.00$0.00
Taxes / mo$136.08$136.08
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$0.00$0.00
Total monthly$2,232.66$2,562.14
Cash to close$42,424$35,500