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$302,836$305,820
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,514$0
Note rate6.89%7.18%
Blended rate6.89%7.42%
1st payment$2,026.43$2,071.73
2nd payment$0.00$0.00
Taxes / mo$60.33$60.33
Insurance / mo$150.00$150.00
MI / mo$0.00$61.16
HOA / mo$0.00$0.00
Total monthly$2,236.76$2,343.23
Cash to close$36,964$33,980