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$320,863$290,700
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,604$0
Note rate6.220%7.320%
Blended rate6.220%7.560%
1st payment$1,976.96$1,996.91
2nd payment$0.00$0.00
Taxes / mo$317.00$317.00
Insurance / mo$150.00$150.00
MI / mo$0.00$58.14
HOA / mo$335.00$335.00
Total monthly$2,778.96$2,857.05
Cash to close$2,137$32,300