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$311,562$263,700
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,558$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$1,824.14$1,825.81
2nd payment$0.00$0.00
Taxes / mo$54.83$54.83
Insurance / mo$150.00$150.00
MI / mo$0.00$52.74
HOA / mo$350.00$350.00
Total monthly$2,378.97$2,433.38
Cash to close$0$29,300