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$305,211$301,410
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,526$0
Note rate5.41%7.24%
Blended rate5.41%7.48%
1st payment$1,827.00$2,054.10
2nd payment$0.00$0.00
Taxes / mo$126.67$126.67
Insurance / mo$150.00$150.00
MI / mo$0.00$60.28
HOA / mo$0.00$0.00
Total monthly$2,103.67$2,391.05
Cash to close$29,689$33,490