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$305,256$283,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,526$0
Note rate3.55%7.18%
Blended rate3.55%7.42%
1st payment$1,520.75$1,920.53
2nd payment$0.00$0.00
Taxes / mo$172.08$172.08
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$1,842.83$2,299.31
Cash to close$9,744$31,500