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$337,333$332,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,687$0
Note rate2.900%7.400%
Blended rate2.900%7.640%
1st payment$1,575.04$2,305.00
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$722.00$722.00
Total monthly$2,618.63$3,415.17
Cash to close$32,567$36,990