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$294,468$297,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,472$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$2,010.91$2,056.37
2nd payment$0.00$0.00
Taxes / mo$684.42$684.42
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,845.33$2,950.18
Cash to close$35,532$33,000