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$304,414$301,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,522$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$2,008.17$2,086.90
2nd payment$0.00$0.00
Taxes / mo$177.92$177.92
Insurance / mo$150.00$150.00
MI / mo$0.00$60.28
HOA / mo$0.00$0.00
Total monthly$2,336.09$2,475.10
Cash to close$30,486$33,490