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$296,011$292,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,480$0
Note rate6.780%7.320%
Blended rate6.780%7.560%
1st payment$1,993.74$2,009.27
2nd payment$0.00$0.00
Taxes / mo$196.83$196.83
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$37.00$37.00
Total monthly$2,377.58$2,451.61
Cash to close$28,989$32,500