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$304,977$287,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,525$0
Note rate5.700%7.320%
Blended rate5.700%7.560%
1st payment$1,879.07$1,977.74
2nd payment$0.00$0.00
Taxes / mo$453.00$453.00
Insurance / mo$150.00$150.00
MI / mo$0.00$57.58
HOA / mo$237.67$237.67
Total monthly$2,719.74$2,875.99
Cash to close$14,923$31,990