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$316,810$301,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,584$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$2,050.05$2,087.53
2nd payment$0.00$0.00
Taxes / mo$700.17$700.17
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$0.00$0.00
Total monthly$2,900.22$2,997.99
Cash to close$18,190$33,500