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$312,551$315,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,563$0
Note rate6.720%7.320%
Blended rate6.720%7.560%
1st payment$2,062.67$2,163.83
2nd payment$0.00$0.00
Taxes / mo$335.75$335.75
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,548.42$2,712.58
Cash to close$37,449$35,000