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$296,346$288,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,482$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$2,030.59$1,994.05
2nd payment$0.00$0.00
Taxes / mo$161.33$161.33
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$2.08$2.08
Total monthly$2,344.01$2,365.07
Cash to close$23,654$32,000