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$323,294$315,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,616$0
Note rate6.42%7.18%
Blended rate6.42%7.42%
1st payment$2,120.30$2,133.92
2nd payment$0.00$0.00
Taxes / mo$239.67$239.67
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$23.33$23.33
Total monthly$2,533.30$2,609.92
Cash to close$26,706$35,000