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$323,068$247,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,615$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,560.58$1,713.64
2nd payment$0.00$0.00
Taxes / mo$188.67$188.67
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$98.00$98.00
Total monthly$1,997.24$2,199.81
Cash to close$0$27,500