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$298,977$292,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,495$0
Note rate6.710%7.320%
Blended rate6.710%7.560%
1st payment$2,002.42$2,009.27
2nd payment$0.00$0.00
Taxes / mo$181.75$181.75
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$167.00$167.00
Total monthly$2,501.17$2,566.52
Cash to close$26,023$32,500