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$363,315$247,500
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$1,817$0
Note rate3.140%7.320%
Blended rate3.140%7.560%
1st payment$1,734.30$1,700.15
2nd payment$0.00$0.00
Taxes / mo$229.17$229.17
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$2,113.47$2,128.82
Cash to close$0$27,500