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$325,291$305,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,626$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$2,125.77$2,112.45
2nd payment$0.00$0.00
Taxes / mo$378.17$378.17
Insurance / mo$150.00$150.00
MI / mo$0.00$61.02
HOA / mo$0.00$0.00
Total monthly$2,653.94$2,701.64
Cash to close$13,709$33,900