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$309,888$301,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,549$0
Note rate6.190%7.320%
Blended rate6.190%7.560%
1st payment$1,912.83$2,071.10
2nd payment$0.00$0.00
Taxes / mo$279.17$279.17
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$35.00$35.00
Total monthly$2,376.99$2,595.56
Cash to close$25,112$33,500