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$306,244$301,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,531$0
Note rate5.090%7.400%
Blended rate5.090%7.640%
1st payment$1,774.83$2,087.53
2nd payment$0.00$0.00
Taxes / mo$58.75$58.75
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$0.00$0.00
Total monthly$1,983.58$2,356.58
Cash to close$28,756$33,500