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$298,646$292,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,493$0
Note rate6.71%7.18%
Blended rate6.71%7.42%
1st payment$2,002.42$1,981.50
2nd payment$0.00$0.00
Taxes / mo$181.75$181.75
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$167.00$167.00
Total monthly$2,501.17$2,538.75
Cash to close$26,354$32,500