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$306,498$301,410
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,532$0
Note rate5.810%7.320%
Blended rate5.810%7.560%
1st payment$1,909.02$2,070.48
2nd payment$0.00$0.00
Taxes / mo$87.17$87.17
Insurance / mo$150.00$150.00
MI / mo$0.00$60.28
HOA / mo$0.00$0.00
Total monthly$2,146.18$2,367.93
Cash to close$28,402$33,490