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$311,577$292,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,558$0
Note rate6.190%7.400%
Blended rate6.190%7.640%
1st payment$1,921.31$2,025.21
2nd payment$0.00$0.00
Taxes / mo$33.67$33.67
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,104.98$2,267.38
Cash to close$13,423$32,500