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$309,709$315,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,549$0
Note rate7.220%7.320%
Blended rate7.220%7.560%
1st payment$2,166.25$2,163.83
2nd payment$0.00$0.00
Taxes / mo$331.00$331.00
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,647.25$2,707.83
Cash to close$40,291$35,000