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$317,450$305,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,587$0
Note rate6.470%7.400%
Blended rate6.470%7.640%
1st payment$2,047.81$2,118.06
2nd payment$0.00$0.00
Taxes / mo$416.42$416.42
Insurance / mo$150.00$150.00
MI / mo$0.00$61.18
HOA / mo$0.00$0.00
Total monthly$2,614.23$2,745.66
Cash to close$22,450$33,990