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$323,257$305,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,616$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$2,114.53$2,118.06
2nd payment$0.00$0.00
Taxes / mo$196.42$196.42
Insurance / mo$150.00$150.00
MI / mo$0.00$61.18
HOA / mo$40.00$40.00
Total monthly$2,500.95$2,565.66
Cash to close$16,643$33,990