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$305,036$296,055
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,525$0
Note rate6.620%7.320%
Blended rate6.620%7.560%
1st payment$1,983.30$2,033.69
2nd payment$0.00$0.00
Taxes / mo$160.33$160.33
Insurance / mo$150.00$150.00
MI / mo$0.00$59.21
HOA / mo$0.00$0.00
Total monthly$2,293.63$2,403.24
Cash to close$23,914$32,895