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$304,773$297,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,524$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$1,896.91$2,056.37
2nd payment$0.00$0.00
Taxes / mo$209.50$209.50
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,256.41$2,475.27
Cash to close$25,227$33,000