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$303,632$292,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,518$0
Note rate6.720%7.320%
Blended rate6.720%7.560%
1st payment$2,001.82$2,008.65
2nd payment$0.00$0.00
Taxes / mo$2.42$2.42
Insurance / mo$150.00$150.00
MI / mo$0.00$58.48
HOA / mo$16.17$16.17
Total monthly$2,170.41$2,235.72
Cash to close$21,268$32,490