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$313,257$297,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,566$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,030.83$2,056.37
2nd payment$0.00$0.00
Taxes / mo$376.75$376.75
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,557.58$2,642.52
Cash to close$16,743$33,000