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$304,035$309,600
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,520$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,004.48$2,143.61
2nd payment$0.00$0.00
Taxes / mo$286.67$286.67
Insurance / mo$150.00$150.00
MI / mo$0.00$61.92
HOA / mo$0.00$0.00
Total monthly$2,441.14$2,642.19
Cash to close$39,965$34,400