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$308,537$314,999
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,543$0
Note rate2.84%7.18%
Blended rate2.84%7.42%
1st payment$1,437.57$2,133.91
2nd payment$0.00$0.00
Taxes / mo$251.50$251.50
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$85.00$85.00
Total monthly$1,924.07$2,683.41
Cash to close$41,462$35,000