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$317,057$306,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,585$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,132.13$2,118.68
2nd payment$0.00$0.00
Taxes / mo$234.17$234.17
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$59.33$59.33
Total monthly$2,575.63$2,623.38
Cash to close$22,943$34,000