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$309,083$296,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$1,545$0
Note rate3.750%7.400%
Blended rate3.750%7.640%
1st payment$1,437.93$2,055.74
2nd payment$0.00$0.00
Taxes / mo$274.92$274.92
Insurance / mo$150.00$150.00
MI / mo$0.00$59.38
HOA / mo$50.00$50.00
Total monthly$1,912.84$2,590.04
Cash to close$20,817$32,990