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$306,330$305,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,532$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,059.70$2,112.45
2nd payment$0.00$0.00
Taxes / mo$62.92$62.92
Insurance / mo$150.00$150.00
MI / mo$0.00$61.02
HOA / mo$180.00$180.00
Total monthly$2,452.62$2,566.39
Cash to close$32,670$33,900