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$320,738$317,250
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,604$0
Note rate3.22%7.18%
Blended rate3.22%7.42%
1st payment$1,541.31$2,149.16
2nd payment$0.00$0.00
Taxes / mo$115.75$115.75
Insurance / mo$150.00$150.00
MI / mo$0.00$63.45
HOA / mo$56.00$56.00
Total monthly$1,863.06$2,534.36
Cash to close$31,762$35,250