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$322,584$247,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,613$0
Note rate4%7.18%
Blended rate4%7.42%
1st payment$1,560.58$1,676.65
2nd payment$0.00$0.00
Taxes / mo$188.67$188.67
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$98.00$98.00
Total monthly$1,997.24$2,162.82
Cash to close$0$27,500