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$297,424$301,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,487$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,994.19$2,087.53
2nd payment$0.00$0.00
Taxes / mo$58.92$58.92
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$165.00$165.00
Total monthly$2,368.10$2,521.74
Cash to close$37,576$33,500