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$307,110$242,955
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,536$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$853.08$1,682.17
2nd payment$0.00$0.00
Taxes / mo$224.96$224.96
Insurance / mo$150.00$150.00
MI / mo$0.00$48.59
HOA / mo$560.00$560.00
Total monthly$1,788.04$2,665.72
Cash to close$0$26,995