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$306,557$300,600
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$1,533$0
Note rate2.9%7.24%
Blended rate2.9%7.48%
1st payment$1,447.73$2,048.58
2nd payment$0.00$0.00
Taxes / mo$120.67$120.67
Insurance / mo$150.00$150.00
MI / mo$0.00$60.12
HOA / mo$0.00$0.00
Total monthly$1,718.40$2,379.37
Cash to close$27,443$33,400