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$362,484$297,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,812$0
Note rate3.550%7.400%
Blended rate3.550%7.640%
1st payment$1,802.21$2,056.37
2nd payment$0.00$0.00
Taxes / mo$452.17$452.17
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$84.67$84.67
Total monthly$2,489.05$2,802.60
Cash to close$0$33,000