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$304,296$310,410
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,521$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,970.40$2,149.22
2nd payment$0.00$0.00
Taxes / mo$287.42$287.42
Insurance / mo$150.00$150.00
MI / mo$0.00$62.08
HOA / mo$18.75$18.75
Total monthly$2,426.57$2,667.46
Cash to close$40,604$34,490