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$351,569$296,100
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,758$0
Note rate2.8%7.24%
Blended rate2.8%7.48%
1st payment$1,630.84$2,017.92
2nd payment$0.00$0.00
Taxes / mo$191.50$191.50
Insurance / mo$0.00$0.00
MI / mo$0.00$59.22
HOA / mo$205.00$205.00
Total monthly$2,027.34$2,473.64
Cash to close$0$32,900