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$351,012$341,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,755$0
Note rate6.480%7.320%
Blended rate6.480%7.560%
1st payment$2,312.67$2,343.12
2nd payment$0.00$0.00
Taxes / mo$166.25$166.25
Insurance / mo$150.00$150.00
MI / mo$0.00$68.22
HOA / mo$100.00$100.00
Total monthly$2,728.92$2,827.59
Cash to close$27,988$37,900