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$321,417$319,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,607$0
Note rate3.220%7.320%
Blended rate3.220%7.560%
1st payment$1,541.31$2,194.74
2nd payment$0.00$0.00
Taxes / mo$115.75$115.75
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$56.00$56.00
Total monthly$1,863.06$2,580.39
Cash to close$33,583$35,500