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$296,077$288,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$1,480$0
Note rate2.960%7.400%
Blended rate2.960%7.640%
1st payment$1,404.22$1,994.05
2nd payment$0.00$0.00
Taxes / mo$95.17$95.17
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$1,649.38$2,296.82
Cash to close$23,923$32,000