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$318,970$314,999
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,595$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$1,856.24$2,180.99
2nd payment$0.00$0.00
Taxes / mo$196.33$196.33
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,202.57$2,590.32
Cash to close$31,029$35,000