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$315,065$310,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,575$0
Note rate5.410%7.320%
Blended rate5.410%7.560%
1st payment$1,883.22$2,132.92
2nd payment$0.00$0.00
Taxes / mo$150.42$150.42
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$0.00$0.00
Total monthly$2,183.64$2,495.44
Cash to close$29,935$34,500