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$296,535$292,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,483$0
Note rate3.760%7.320%
Blended rate3.760%7.560%
1st payment$1,502.33$2,009.27
2nd payment$0.00$0.00
Taxes / mo$139.75$139.75
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$115.00$115.00
Total monthly$1,907.08$2,472.52
Cash to close$28,465$32,500