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$312,256$318,600
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,561$0
Note rate4.670%7.400%
Blended rate4.670%7.640%
1st payment$1,741.74$2,205.92
2nd payment$0.00$0.00
Taxes / mo$254.50$254.50
Insurance / mo$150.00$150.00
MI / mo$0.00$63.72
HOA / mo$40.00$40.00
Total monthly$2,186.24$2,714.14
Cash to close$41,744$35,400