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$315,754$310,410
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,579$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,063.80$2,149.22
2nd payment$0.00$0.00
Taxes / mo$287.42$287.42
Insurance / mo$150.00$150.00
MI / mo$0.00$62.08
HOA / mo$0.00$0.00
Total monthly$2,501.22$2,648.71
Cash to close$29,146$34,490