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$321,830$303,750
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,609$0
Note rate5.130%7.320%
Blended rate5.130%7.560%
1st payment$1,867.04$2,086.55
2nd payment$0.00$0.00
Taxes / mo$315.92$315.92
Insurance / mo$150.00$150.00
MI / mo$0.00$60.75
HOA / mo$435.00$435.00
Total monthly$2,767.96$3,048.22
Cash to close$15,670$33,750