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$287,542$292,500
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,438$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,363.63$2,025.21
2nd payment$0.00$0.00
Taxes / mo$372.58$372.58
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$1,886.22$2,606.29
Cash to close$37,458$32,500