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$318,183$315,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,591$0
Note rate2.870%7.320%
Blended rate2.870%7.560%
1st payment$1,484.06$2,163.83
2nd payment$0.00$0.00
Taxes / mo$307.25$307.25
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$289.00$289.00
Total monthly$2,230.31$2,973.08
Cash to close$31,817$35,000