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$290,347$297,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,452$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$1,869.31$2,056.37
2nd payment$0.00$0.00
Taxes / mo$54.17$54.17
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,073.47$2,319.93
Cash to close$39,653$33,000